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EUR/JPY Price Analysis: Euro nearing 2020 lows, trading sub-120.00 figure

  • EUR/JPY is under heavy selling pressure challenging the 2020 lows. 
  • The level to beat for bears is the 119.92 support. 
 

EUR/JPY daily chart

 
EUR/JPY is nearing the 2020 lows while dropping below the 120.00 figure and the main daily simple moving averages (SMAs).
 

EUR/JPY four-hour chart

 
EUR/JPY is under selling pressure below the main SMAs. The sellers are challenging the 119.92 support and January lows. A daily break below this level would be seen as a bearish continuation which could lead towards the 119.67 and 119.20 price levels, according to the Technical Confluences Indicator. Resistances are seen near the 120.42, 120.55 and 121.00 levels. 
  
 
Resistance: 120.42, 120.55, 121.00
Support: 119.92, 119.67, 119.20
 

Additional key levels

EUR/JPY

Overview
Today last price 119.86
Today Daily Change -0.32
Today Daily Change % -0.27
Today daily open 120.18
 
Trends
Daily SMA20 121.16
Daily SMA50 121.24
Daily SMA100 120.47
Daily SMA200 120.56
 
Levels
Previous Daily High 120.82
Previous Daily Low 120.09
Previous Weekly High 121.15
Previous Weekly Low 119.92
Previous Monthly High 122.88
Previous Monthly Low 119.78
Daily Fibonacci 38.2% 120.37
Daily Fibonacci 61.8% 120.54
Daily Pivot Point S1 119.91
Daily Pivot Point S2 119.64
Daily Pivot Point S3 119.18
Daily Pivot Point R1 120.63
Daily Pivot Point R2 121.09
Daily Pivot Point R3 121.36

 

 

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