EUR/JPY Price Analysis: Interim Support Comes Near 156.00

  • EUR/JPY adds to Tuesday’s losses and revisits 157.00.
  • A deeper decline could meet transitory support near 156.00.

EUR/JPY accelerates its downside momentum and drops to multi-day lows in the 157.00 neighborhood on Wednesday.

In case the corrective retracement gathers further impulse, the cross could extend the move to the provisional 55-day SMA around 156.00, which should hold the initial test. South from here emerges the 100-day SMA near 152.50 prior to the July low of 151.40 (July 28).

So far, the longer-term positive outlook for the cross appears favoured while above the 200-day SMA, today at 147.51.
 

EUR/JPY daily chart

(Click on image to enlarge)


EUR/JPY

OVERVIEW
Today last price 157.27
Today Daily Change 37
Today Daily Change % -0.60
Today daily open 158.22
TRENDS
Daily SMA20 157.37
Daily SMA50 156.55
Daily SMA100 152.43
Daily SMA200 147.49
LEVELS
Previous Daily High 159.49
Previous Daily Low 158.09
Previous Weekly High 159.34
Previous Weekly Low 157.66
Previous Monthly High 158.05
Previous Monthly Low 151.41
Daily Fibonacci 38.2% 158.62
Daily Fibonacci 61.8% 158.96
Daily Pivot Point S1 157.71
Daily Pivot Point S2 157.2
Daily Pivot Point S3 156.31
Daily Pivot Point R1 159.11
Daily Pivot Point R2 160
Daily Pivot Point R3 160.52

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Disclosure: Information on this article contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes ...

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