EUR/JPY Price Analysis: Further Losses Appear On The Cards Below 154.30

EUR/JPY manages to grab some buying interest and leaves behind two consecutive daily drops on Wednesday.

In the meantime, the cross remains stuck within the consolidative range and the breakout of it exposes a visit to the so far monthly high of 158.65 (September 13) prior to the 2023 top at 159.76 (August 30), which precedes the key round level at 160.00.

On the downside, the so far monthly low of 154.34 (October 3) emerges as the initial contention in case of bearish attempts.

So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 149.65.

 

EUR/JPY daily chart

 

EUR/JPY

OVERVIEW
Today last price 156.69
Today Daily Change 94
Today Daily Change % 0.46
Today daily open 155.97

 

TRENDS
Daily SMA20 157.66
Daily SMA50 157.65
Daily SMA100 155.59
Daily SMA200 149.62

 

LEVELS
Previous Daily High 157.36
Previous Daily Low 154.39
Previous Weekly High 158.34
Previous Weekly Low 156.71
Previous Monthly High 158.66
Previous Monthly Low 156.58
Daily Fibonacci 38.2% 155.52
Daily Fibonacci 61.8% 156.22
Daily Pivot Point S1 154.45
Daily Pivot Point S2 152.94
Daily Pivot Point S3 151.49
Daily Pivot Point R1 157.42
Daily Pivot Point R2 158.87
Daily Pivot Point R3 160.39

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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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