EUR/JPY prints humble gains in the 162.10/20 band midweek.

Extra decline could see the 161.20 region revisited in the short term.

EUR/JPY sets aside two daily pullbacks in a row and manages to bounce off earlier lows in the 161.50 area on Wednesday.The continuation of the downward bias carries the potential to drag the cross to the weekly low of 161.20/25 band (November 21) prior to the provisional 55-day SMA, today at 159.45.So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA at 153.46.
 EUR/JPY daily chart

EUR/JPY

OVERVIEW Today last price 162.16 Today Daily Change 70 Today Daily Change % 0.06 Today daily open 162.06 TRENDS Daily SMA20 162.09 Daily SMA50 159.6 Daily SMA100 158.46 Daily SMA200 153.41 LEVELS Previous Daily High 162.98 Previous Daily Low 161.92 Previous Weekly High 163.66 Previous Weekly Low 161.25 Previous Monthly High 160.85 Previous Monthly Low 154.39 Daily Fibonacci 38.2% 162.33 Daily Fibonacci 61.8% 162.58 Daily Pivot Point S1 161.66 Daily Pivot Point S2 161.27 Daily Pivot Point S3 160.61 Daily Pivot Point R1 162.72 Daily Pivot Point R2 163.38 Daily Pivot Point R3 163.77

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