EUR/JPY Price Analysis: Euro erases gains after spiking to highest since July

  • EUR/JPY is trading near session’s lows after spiking to its highest level since July 2019. 
  • Resistance is seen at the 121.78 and 122.48 price levels.

EUR/JPY daily chart

EUR/JPY is about to have a second consecutive close above the 200-day simple moving average (DMA) above the 121.00 handle. However, it seems that Friday will end as a potential bearish reversal day. 

EUR/JPY four-hour chart

The market broke sharply to the 121.78 resistance and dropped almost as fast as it went up. The spot is now nearing the 121.40 support. A break below this level can lead to further weakness towards the 121.08 and 120.65 levels, according to the Technical Confluences Indicator.     

EUR/JPY 30-minute chart

EUR/JPY is trading near session’s lows below the 50/100 SMAs. Resistance is seen at the 121.78 and 122.48 price levels.

Additional key levels


Today last price 121.54
Today Daily Change -0.17
Today Daily Change % -0.14
Today daily open 121.71
Daily SMA20 120.44
Daily SMA50 120.21
Daily SMA100 119.31
Daily SMA200 121.37
Previous Daily High 121.74
Previous Daily Low 120.74
Previous Weekly High 121.02
Previous Weekly Low 120
Previous Monthly High 121.31
Previous Monthly Low 119.24
Daily Fibonacci 38.2% 121.36
Daily Fibonacci 61.8% 121.12
Daily Pivot Point S1 121.05
Daily Pivot Point S2 120.4
Daily Pivot Point S3 120.06
Daily Pivot Point R1 122.05
Daily Pivot Point R2 122.39
Daily Pivot Point R3 123.05



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