EUR/JPY Price Analysis: Further Losses Target The 154.00 Area
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- EUR/JPY fails to extend the daily rebound north of 156.70.
- The extra decline could revisit the 154.00 zone in the near term.
EUR/JPY could not sustain the earlier move to the 156.70 area and slipped back to the sub-156.00 region at the beginning of the week.
In the meantime, the cross maintains its rejection from last week’s YTD tops near the 158.00 area. Against this backdrop, further pullbacks should not be ruled out for the time being. That said, the door remains open for the cross to challenge the weekly low at 154.04 (June 20).
So far, further upside looks favored while the cross trades above the 200-day SMA, today at 145.64.
EUR/JPY daily chart
(Click on image to enlarge)
EUR/JPY
| OVERVIEW | |
|---|---|
| Today last price | 155.69 |
| Today Daily Change | 103 |
| Today Daily Change % | -0.12 |
| Today daily open | 155.88 |
| TRENDS | |
|---|---|
| Daily SMA20 | 155.63 |
| Daily SMA50 | 151.77 |
| Daily SMA100 | 148.14 |
| Daily SMA200 | 145.61 |
| LEVELS | |
|---|---|
| Previous Daily High | 156.93 |
| Previous Daily Low | 155.38 |
| Previous Weekly High | 157.96 |
| Previous Weekly Low | 155.38 |
| Previous Monthly High | 158 |
| Previous Monthly Low | 148.62 |
| Daily Fibonacci 38.2% | 155.98 |
| Daily Fibonacci 61.8% | 156.34 |
| Daily Pivot Point S1 | 155.2 |
| Daily Pivot Point S2 | 154.52 |
| Daily Pivot Point S3 | 153.65 |
| Daily Pivot Point R1 | 156.75 |
| Daily Pivot Point R2 | 157.61 |
| Daily Pivot Point R3 | 158.3 |
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