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EUR/JPY Price Analysis: Euro trading off 2020 lows, remains vulnerable vs. yen

  • EUR/JPY is under selling pressure while trading off the 2020 lows near the 120.00 level. 
  • The level to beat for bears is the 119.90 support.
 
 

EUR/JPY daily chart

 
EUR/JPY is consolidating the recent drop near the 120.00 figure while trading below the main simple moving averages (SMAs).  
  

EUR/JPY four-hour chart

 
The market remains under selling pressure despite the possibility of a correction. Bears would be looking to pierce the 119.90 support to reach the 119.65 and 119.40 levels, according to the Technical Confluences Indicator. Resistances are seen near 120.40, 120.82 and 121.15 levels.
  

Additional key level

EUR/JPY

Overview
Today last price 120.07
Today Daily Change 0.10
Today Daily Change % 0.08
Today daily open 119.97
 
Trends
Daily SMA20 121.62
Daily SMA50 121.22
Daily SMA100 120.37
Daily SMA200 120.75
 
Levels
Previous Daily High 120.46
Previous Daily Low 119.91
Previous Weekly High 122.37
Previous Weekly Low 120.42
Previous Monthly High 124.2
Previous Monthly Low 119.98
Daily Fibonacci 38.2% 120.12
Daily Fibonacci 61.8% 120.25
Daily Pivot Point S1 119.76
Daily Pivot Point S2 119.56
Daily Pivot Point S3 119.2
Daily Pivot Point R1 120.32
Daily Pivot Point R2 120.67
Daily Pivot Point R3 120.87

 

 

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