EUR/JPY Price Analysis: Further losses could retest 153.30

Pablo Piovano FXStreet

EUR/JPY extends the weekly corrective decline to the 155.00 region.
Next on the downside emerges the monthly lows near 153.30.

EUR/JPY is down for the third session in a row to multi-day lows near the 155.00 region on Wednesday.

Further correction now appears in store and the cross could now challenge the July lows near 153.30 (July12) prior to the interim 55-day SMA, today at 153.08.

So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 146.36.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	155.24
Today Daily Change	84
Today Daily Change %	-0.31
Today daily open	155.73

Trends
Daily SMA20	156.31
Daily SMA50	153.52
Daily SMA100	149.53
Daily SMA200	146.35

Levels
Previous Daily High	156.89
Previous Daily Low	155.62
Previous Weekly High	158.05
Previous Weekly Low	154.88
Previous Monthly High	158
Previous Monthly Low	148.62
Daily Fibonacci 38.2%	156.1
Daily Fibonacci 61.8%	156.4
Daily Pivot Point S1	155.27
Daily Pivot Point S2	154.81
Daily Pivot Point S3	153.99
Daily Pivot Point R1	156.54
Daily Pivot Point R2	157.35
Daily Pivot Point R3	157.82

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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