EUR/JPY Price Analysis: Still under pressure below 141.50

 

• EUR/JPY reverses three daily pullbacks and approaches 140.00.
• The 4-month resistance line in the mid-141.00s caps the upside.

EUR/JPY manages to regain some poise and flirts with the 140.00 region following three daily sessions with losses.

While below the 4-month resistance line near 141.50, further losses should remain in the pipeline and another drop to the July low at 136.85 (July 8) should not be ruled out.

In the longer run, the constructive stance in the cross remains well underpinned by the 200-day SMA at 133.56.

EUR/JPY daily chart

EUR/JPY

OVERVIEW
Today last price	139.42
Today Daily Change	110
Today Daily Change %	0.37
Today daily open	138.91

 

TRENDS
Daily SMA20	140.1
Daily SMA50	139.63
Daily SMA100	137.1
Daily SMA200	133.57

 

LEVELS
Previous Daily High	140.69
Previous Daily Low	138.78
Previous Weekly High	142.32
Previous Weekly Low	138.78
Previous Monthly High	144.28
Previous Monthly Low	137.93
Daily Fibonacci 38.2%	139.51
Daily Fibonacci 61.8%	139.96
Daily Pivot Point S1	138.23
Daily Pivot Point S2	137.55
Daily Pivot Point S3	136.32
Daily Pivot Point R1	140.14
Daily Pivot Point R2	141.37
Daily Pivot Point R3	142.05