EUR/JPY Price Action: Euro spiking down against yen, challenging 120.89 level

EUR/JPY is under heavy selling pressure below the 121.27 resistance.
The level to beat for bears is the 120.64 support.

Flavio Tosti Independent Analyst

EUR/JPY daily chart

The market is pulling back down from January’s tops trading below the 122.00 level while holding above the 100 and 200-day simple moving averages (SMAs).

EUR/JPY four-hour chart

The spot is spiking down while breaking below the 120.89 support. As the market is under heavy selling pressure the bears could drive the market further down towards the 120.64 and 120.30 support levels, according to the Technical Confluences Indicator. Resistances are seen near the 121.27 and 121.70 levels.

Additional key level

EUR/JPY

Overview
Today last price	120.92
Today Daily Change	-0.95
Today Daily Change %	-0.78
Today daily open	121.87

Trends
Daily SMA20	121.84
Daily SMA50	121.19
Daily SMA100	120.29
Daily SMA200	120.83

Levels
Previous Daily High	122.02
Previous Daily Low	121.62
Previous Weekly High	122.88
Previous Weekly Low	121.76
Previous Monthly High	124.2
Previous Monthly Low	119.98
Daily Fibonacci 38.2%	121.86
Daily Fibonacci 61.8%	121.77
Daily Pivot Point S1	121.65
Daily Pivot Point S2	121.43
Daily Pivot Point S3	121.25
Daily Pivot Point R1	122.05
Daily Pivot Point R2	122.23
Daily Pivot Point R3	122.45

Author

Flavio Tosti

Independent Analyst

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.