EUR/JPY Price Analysis: Euro bounces and challenges the 120.00 figure

EUR/JPY is back into familiar territories after dropping from the 121.00 figure.
EUR/JPY is about to challenge the 120.00 figure.

Flavio Tosti Independent Analyst

EUR/JPY daily chart

EUR/JPY is easing from March’s highs while rebounding from the 119.00 figure and settling near the 200 SMAs.

EUR/JPY four-hour chart

Euro/Yen exchange rate is consolidating losses below the 120.00 figure and above the main SMAs on the four-hour chart. The market is challenging the 119.90 resistance as the spot can have a retest of the 120.50 and 121.00 price levels. Support is seen near the 119.50, 118.75 and 118.00 levels.

Additional key levels

EUR/JPY

Overview
Today last price	119.86
Today Daily Change	-1.03
Today Daily Change %	-0.85
Today daily open	120.89

Trends
Daily SMA20	119.09
Daily SMA50	119.86
Daily SMA100	120.45
Daily SMA200	120.05

Levels
Previous Daily High	121.09
Previous Daily Low	119.96
Previous Weekly High	119.69
Previous Weekly Low	116.9
Previous Monthly High	121.4
Previous Monthly Low	118.38
Daily Fibonacci 38.2%	120.39
Daily Fibonacci 61.8%	120.66
Daily Pivot Point S1	120.2
Daily Pivot Point S2	119.51
Daily Pivot Point S3	119.07
Daily Pivot Point R1	121.34
Daily Pivot Point R2	121.78
Daily Pivot Point R3	122.47

Author

Flavio Tosti

Independent Analyst

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