EUR/JPY Price Analysis: Euro pops to 4-day highs vs. Japanese yen

EUR/JPY is trading off the session highs after challenging the 117.00 level.
The level to beat for bears is the 116.50 support.

Flavio Tosti Independent Analyst

EUR/JPY four-hour chart

EUR/JPY is having a reaction up to the 117.00 figure while the market is trading above the main SMAs on the four-hour chart. However, since the overall bias is down, this bounce might soon get faded with bears looking for a break below the 116.50 support. On the other hand, strong resistance is expected near the 117.00 figure while further up lie the 117.90 level which is likely to act as resistance as well.

Resistance: 117.00, 117.90, 118.70

Support: 116.50, 116.00, 115.50

Additional key levels

EUR/JPY

Overview
Today last price	116.84
Today Daily Change	0.88
Today Daily Change %	0.76
Today daily open	115.96

Trends
Daily SMA20	116.15
Daily SMA50	117.51
Daily SMA100	119.09
Daily SMA200	119.32

Levels
Previous Daily High	116.2
Previous Daily Low	115.48
Previous Weekly High	116.86
Previous Weekly Low	115.3
Previous Monthly High	119.04
Previous Monthly Low	115.45
Daily Fibonacci 38.2%	115.92
Daily Fibonacci 61.8%	115.75
Daily Pivot Point S1	115.56
Daily Pivot Point S2	115.16
Daily Pivot Point S3	114.84
Daily Pivot Point R1	116.28
Daily Pivot Point R2	116.6
Daily Pivot Point R3	117

Author

Flavio Tosti

Independent Analyst

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