News

EUR/JPY Price Analysis: Euro challenges March’s highs and 121.00 figure

  • EUR/JPY breaks higher and challenges the monthly highs. 
  • The level to beat for bulls is the 121.00 resistance. 
 

EUR/JPY daily chart

 
EUR/JPY broke to the upside as it is testing the 121.00 handle and the March’s highs while trading above the main daily SMAs. 
 

EUR/JPY four-hour chart

 
EUR/JPY is spiking to the upside while challenging March’s highs and the 121.00 handle. Bulls are back in the driver’s seat and some more up towards 121.40 or 122.00 could be expected. Support can be seen near the 120.50, 120.00 and 119.50 levels. 
 
 
Resistance: 121.00, 121.40, 122.00
Support: 120.50, 120.00, 119.50

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.