EUR/JPY Price Analysis: The 200-Day SMA Holds The Downside So Far

  • EUR/JPY partially fades the positive start of the week on Tuesday.
  • Further range bound appears likely in the short-term horizon.

EUR/JPY keeps the side-lined phase well in place for yet another session on Tuesday.

Extra consolidation should not be ruled out in the very near term. In case the downside accelerates, the next support of note emerges at the 200-day SMA, today at 140.87. A sustainable drop below the latter exposes extra weakness to, initially, the 138.00 neighborhood. On the upside, the breakout of the weekly low at 142.29 (January 25) could open the door to a potential test of the key resistance area around 143.00.

The constructive outlook for EUR/JPY is seen unchanged above the 200-day SMA for the time being.

EUR/JPY daily chart

(Click on image to enlarge)


Today last price 141.34
Today Daily Change 87
Today Daily Change % -0.11
Today daily open 141.5
Daily SMA20 140.52
Daily SMA50 142.05
Daily SMA100 143.07
Daily SMA200 140.88
Previous Daily High 141.98
Previous Daily Low 140.56
Previous Weekly High 142.3
Previous Weekly Low 140.47
Previous Monthly High 146.73
Previous Monthly Low 138.8
Daily Fibonacci 38.2% 141.44
Daily Fibonacci 61.8% 141.1
Daily Pivot Point S1 140.71
Daily Pivot Point S2 139.92
Daily Pivot Point S3 139.29
Daily Pivot Point R1 142.13
Daily Pivot Point R2 142.77
Daily Pivot Point R3 143.56

More By This Author:

EUR/USD Comes Under Further Pressure And Challenges 1.0800
EUR/USD Resumes The Upside And Targets 1.0900
EUR/USD Meets Resistance Around 1.0900 Ahead Of US Docket

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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