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EUR/JPY Price Analysis: Euro challenges 119.00 figure in fresh April’s highs

  • EUR/JPY bounces from near 2020 lows and challenges 118.75 resistance. 
  • The overall bias remains bearish for EUR/JPY.  
 

EUR/JPY daily chart

 
EUR/JPY is consolidating the recent bear while bouncing from near 2020 lows as the spot is trading below the main daily SMAs (simple moving averages) suggesting an overall bearish bias in the currency cross.
 

EUR/JPY four-hour chart

 
Euro/Yen is challenging the 118.75 resistance and the 200 SMA on the four-hour chart as bulls are looking for a continuation up to the 119.50 and 120.00 hanlde. However, given the overall bearish bias, it remains to be seen if the spot can overcome 119.75. On the flip side, sellers will keep their eyes on the 118.00 and 117.50 price levels to the downside. 
 

Additional key levels

EUR/JPY

Overview
Today last price 118.73
Today Daily Change 0.87
Today Daily Change % 0.74
Today daily open 117.86
 
Trends
Daily SMA20 118.74
Daily SMA50 119.43
Daily SMA100 120.32
Daily SMA200 119.9
 
Levels
Previous Daily High 118.31
Previous Daily Low 117.16
Previous Weekly High 120.35
Previous Weekly Low 116.35
Previous Monthly High 121.15
Previous Monthly Low 116.12
Daily Fibonacci 38.2% 117.87
Daily Fibonacci 61.8% 117.6
Daily Pivot Point S1 117.24
Daily Pivot Point S2 116.63
Daily Pivot Point S3 116.1
Daily Pivot Point R1 118.39
Daily Pivot Point R2 118.92
Daily Pivot Point R3 119.54

 

 

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