EUR/JPY Price Analysis: Euro nearing 2020 lows, trading sub-120.00 figure

EUR/JPY is under heavy selling pressure challenging the 2020 lows.
The level to beat for bears is the 119.92 support.

Flavio Tosti Independent Analyst

EUR/JPY daily chart

EUR/JPY is nearing the 2020 lows while dropping below the 120.00 figure and the main daily simple moving averages (SMAs).

EUR/JPY four-hour chart

EUR/JPY is under selling pressure below the main SMAs. The sellers are challenging the 119.92 support and January lows. A daily break below this level would be seen as a bearish continuation which could lead towards the 119.67 and 119.20 price levels, according to the Technical Confluences Indicator. Resistances are seen near the 120.42, 120.55 and 121.00 levels.

Resistance: 120.42, 120.55, 121.00

Support: 119.92, 119.67, 119.20

Additional key levels

EUR/JPY

Overview
Today last price	119.86
Today Daily Change	-0.32
Today Daily Change %	-0.27
Today daily open	120.18

Trends
Daily SMA20	121.16
Daily SMA50	121.24
Daily SMA100	120.47
Daily SMA200	120.56

Levels
Previous Daily High	120.82
Previous Daily Low	120.09
Previous Weekly High	121.15
Previous Weekly Low	119.92
Previous Monthly High	122.88
Previous Monthly Low	119.78
Daily Fibonacci 38.2%	120.37
Daily Fibonacci 61.8%	120.54
Daily Pivot Point S1	119.91
Daily Pivot Point S2	119.64
Daily Pivot Point S3	119.18
Daily Pivot Point R1	120.63
Daily Pivot Point R2	121.09
Daily Pivot Point R3	121.36

Author

Flavio Tosti

Independent Analyst

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