EUR/JPY Price Analysis: Corrective decline could revisit 146.30


  • EUR/JPY extends the weekly correction to the sub-150.00 zone.
  • Further retracement could see the cross retest the 146.30 region.

EUR/JPY adds to Tuesday’s decline and breaches the key 150.00 support on Wednesday.

The underlying bullish stance appears unchanged so far, although the ongoing correction carries the potential to extend to the weekly low at 146.30 (April 25), where the cross is expected to meet decent contention.

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.60.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 149.67
Today Daily Change 95
Today Daily Change % -0.37
Today daily open 150.23
 
Trends
Daily SMA20 146.98
Daily SMA50 144.78
Daily SMA100 143.12
Daily SMA200 142.59
 
Levels
Previous Daily High 151.62
Previous Daily Low 149.83
Previous Weekly High 150.44
Previous Weekly Low 146.29
Previous Monthly High 150.44
Previous Monthly Low 142.55
Daily Fibonacci 38.2% 150.51
Daily Fibonacci 61.8% 150.94
Daily Pivot Point S1 149.51
Daily Pivot Point S2 148.78
Daily Pivot Point S3 147.72
Daily Pivot Point R1 151.29
Daily Pivot Point R2 152.34
Daily Pivot Point R3 153.07

 

 

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