EUR/JPY Price Analysis: Scope for a drop to 117.00

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The bearish note around EUR/JPY remains unchanged for the time being, encouraging the cross to breach the key support at 119.00 the figure.

While below the key 200-day SMA, today at 120.46, the outlook on the cross is expected to remain negative.

Against this backdrop, the immediate support emerges at the October 2019 low at 117.07.

EUR/JPY dail;y chart

https://editorial.fxstreet.com/miscelaneous/Screen%20Shot%202020-02-14%20at%2011.15.09-637172726597691155.png

EUR/JPY

Overview
Today last price119.09
Today Daily Change27
Today Daily Change %0.06
Today daily open119.02

 

Trends
Daily SMA20120.57
Daily SMA50121.16
Daily SMA100120.54
Daily SMA200120.48

 

Levels
Previous Daily High119.74
Previous Daily Low118.88
Previous Weekly High121.15
Previous Weekly Low119.92
Previous Monthly High122.88
Previous Monthly Low119.78
Daily Fibonacci 38.2%119.2
Daily Fibonacci 61.8%119.41
Daily Pivot Point S1118.69
Daily Pivot Point S2118.35
Daily Pivot Point S3117.83
Daily Pivot Point R1119.55
Daily Pivot Point R2120.07
Daily Pivot Point R3120.41