News

EUR/JPY Price Analysis: Euro trading at session lows vs. Japanse yen

  • EUR/JPY is trading down on the day, challenging the 116.00 figure.
  • Support can be seen near 115.50 and 114.50 levels. 
 

EUR/JPY four-hour chart

 
EUR/JPY is trading in a downtrend below the 100 and 200 SMAs on the four-hour chart. The spot is challenging the 116.00 support level along with the 50 SMA. A sustained break and a daily close below the 116.00 support can yield further weakness towards the 115.50 and 114.50 levels. Conversely, resistance can be expected near 116.50 and the 117.00 levels. 
 
 
 
Resistance: 116.50, 117.00, 118.00
Support: 116.00, 115.50, 114.50
 

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.