EUR/JPY Price Analysis: Euro bears eyeing the 2020 lows vs. Japanese yen


  • EUR/JPY bearish momentum remains intact near 2020 lows.
  • The level to beat for bears is the 116.90 support.
 

EUR/JPY daily chart

 
EUR/JPY is consolidating the recent slide near the 2020 lows as the spot is trading below the main daily SMAs suggesting an overall negative momentum for the currency cross.
 

EUR/JPY four-hour chart

 
Euro/Yen broke below 117.50, which became resistance as the quote is trading below its main SMAs on the four-hour time frame suggesting a bearish bias in the medium term. Bears remain firmly in control as a successful break below 116.90 should introduce scope to further declines towards the 116.10 and 115.50 levels while resistance can emerge near 117.50, 118.00 and 118.75 levels on the way up. 
  

Additional key levels

EUR/JPY

Overview
Today last price 117.06
Today Daily Change -0.07
Today Daily Change % -0.06
Today daily open 117.13
 
Trends
Daily SMA20 118.81
Daily SMA50 119.54
Daily SMA100 120.38
Daily SMA200 119.95
 
Levels
Previous Daily High 117.72
Previous Daily Low 116.35
Previous Weekly High 121.15
Previous Weekly Low 117.73
Previous Monthly High 121.15
Previous Monthly Low 116.12
Daily Fibonacci 38.2% 116.87
Daily Fibonacci 61.8% 117.2
Daily Pivot Point S1 116.41
Daily Pivot Point S2 115.7
Daily Pivot Point S3 115.05
Daily Pivot Point R1 117.78
Daily Pivot Point R2 118.43
Daily Pivot Point R3 119.15

 

 

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