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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