fxs_header_sponsor_anchor

News

EUR/JPY Price Analysis: Euro bounces and challenges the 120.00 figure

  • EUR/JPY is back into familiar territories after dropping from the 121.00 figure.
  • EUR/JPY is about to challenge the 120.00 figure. 
 

EUR/JPY daily chart

 
EUR/JPY is easing from March’s highs while rebounding from the 119.00 figure and settling near the 200 SMAs. 
 

EUR/JPY four-hour chart

 
Euro/Yen exchange rate is consolidating losses below the 120.00 figure and above the main SMAs on the four-hour chart. The market is challenging the 119.90 resistance as the spot can have a retest of the 120.50 and 121.00 price levels. Support is seen near the 119.50, 118.75 and 118.00 levels.
 
 

Additional key levels

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.