EUR/JPY Price Analysis: Next Decent Contention Is Seen At 146.30

  • EUR/JPY faces extra selling pressure and flirts with 148.00.
  • Further decline could put the 146.30 region to the test in the near term

EUR/JPY adds to Tuesday’s bearish performance and puts 148.00 to the test on Wednesday.

It seems the bullish outlook now appears somewhat dented. Against that, the cross could initially revisit the weekly low at 147.12 (May 4), while the loss of this level could spark a deeper decline to the weekly low at 146.28 (April 25).

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.90.
 

EUR/JPY daily chart

(Click on image to enlarge)


EUR/JPY

OVERVIEW
Today last price 148.1
Today Daily Change 67
Today Daily Change % -0.09
Today daily open 148.24
TRENDS
Daily SMA20 148
Daily SMA50 145.26
Daily SMA100 143.33
Daily SMA200 142.88
LEVELS
Previous Daily High 148.92
Previous Daily Low 147.89
Previous Weekly High 151.62
Previous Weekly Low 147.13
Previous Monthly High 150.44
Previous Monthly Low 142.55
Daily Fibonacci 38.2% 148.28
Daily Fibonacci 61.8% 148.52
Daily Pivot Point S1 147.78
Daily Pivot Point S2 147.32
Daily Pivot Point S3 146.75
Daily Pivot Point R1 148.8
Daily Pivot Point R2 149.37
Daily Pivot Point R3 149.83

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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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