EUR/JPY Price Analysis: Next on the downside comes the 100-day SMA

 

• EUR/JPY resumes the selling bias and breaks below 139.00.
• A deeper decline should face the 100-day SMA near 137.30.

EUR/JPY quickly fades Monday’s advance and regains downside momentum well below the 139.00 mark on Tuesday.

Further losses remain in store for the cross while below the 4-month resistance line near 141.70. Against that, the next temporary support comes at the 100-day SMA at 137.34 ahead of the July low at 136.85 (July 8).

In the longer run, the constructive stance in the cross remains well underpinned by the 200-day SMA at 133.59.

EUR/JPY daily chart

EUR/JPY

OVERVIEW
Today last price	138.65
Today Daily Change	132
Today Daily Change %	-0.74
Today daily open	139.69

 

TRENDS
Daily SMA20	139.92
Daily SMA50	139.73
Daily SMA100	137.25
Daily SMA200	133.6

 

LEVELS
Previous Daily High	140.08
Previous Daily Low	138.72
Previous Weekly High	142.32
Previous Weekly Low	138.78
Previous Monthly High	144.28
Previous Monthly Low	137.93
Daily Fibonacci 38.2%	139.56
Daily Fibonacci 61.8%	139.24
Daily Pivot Point S1	138.91
Daily Pivot Point S2	138.14
Daily Pivot Point S3	137.55
Daily Pivot Point R1	140.27
Daily Pivot Point R2	140.85
Daily Pivot Point R3	141.63