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.

Pablo Piovano FXStreet

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

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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