EUR/JPY Price Analysis: Euro easing from May’s highs, trades near 117.00 figure

EUR/JPY is losing steam at the end of the trading week.
Support can be seen in the 117.25/117.20 price zone.

Flavio Tosti Independent Analyst

EUR/JPY four-hour chart

EUR/JPY is easing from the May’s highs while trading above its main SMAs on the four chart. The spot has lost some bullish steam as it is challenging the 117.25/117.00 support zone. As the market remains fragile a break below this point can lead to further declines towards the 116.40 level. On the other hand, bulls need to regain the 118.00 level initially.

Resistance: 118.00 118.75, 119.00

Support: 117.25, 117.00, 116.40

Additional key levels

EUR/JPY

Overview
Today last price	117.13
Today Daily Change	-0.69
Today Daily Change %	-0.59
Today daily open	117.82

Trends
Daily SMA20	116.36
Daily SMA50	117.5
Daily SMA100	118.93
Daily SMA200	119.31

Levels
Previous Daily High	118.52
Previous Daily Low	117.73
Previous Weekly High	116.86
Previous Weekly Low	115.3
Previous Monthly High	119.04
Previous Monthly Low	115.45
Daily Fibonacci 38.2%	118.03
Daily Fibonacci 61.8%	118.22
Daily Pivot Point S1	117.52
Daily Pivot Point S2	117.23
Daily Pivot Point S3	116.73
Daily Pivot Point R1	118.31
Daily Pivot Point R2	118.81
Daily Pivot Point R3	119.11

Author

Flavio Tosti

Independent Analyst

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