EUR/JPY Price Analysis: Euro takes a breather below 117.50 resistance

  • EUR/JPY consolidates the sharp advance made this Thursday after the ECB. 
  • More consolidation is likely below the 117.50 resistance. 

EUR/JPY four-hour chart

Euro/Yen turned higher after the ECB press conference this Thursday. The spot is consolidating the advance below the 200 SMA and the 117.75 resistance level. A daily close above this barrier is necessary for the quote to potentially build on the recent recovery. On the flip side, the underlying trend remains negative for EU/JPY a daily drop below the 117.00 figure can attract further selling to lower levels.  
Resistance: 117.50, 118.50, 119.60
Support: 117.00, 116.50, 116.00 

Additional key levels


Today last price 117.54
Today Daily Change 0.17
Today Daily Change % 0.14
Today daily open 117.37
Daily SMA20 117.18
Daily SMA50 118.4
Daily SMA100 119.73
Daily SMA200 119.52
Previous Daily High 117.78
Previous Daily Low 115.55
Previous Weekly High 117.29
Previous Weekly Low 115.54
Previous Monthly High 119.04
Previous Monthly Low 115.45
Daily Fibonacci 38.2% 116.93
Daily Fibonacci 61.8% 116.4
Daily Pivot Point S1 116.02
Daily Pivot Point S2 114.67
Daily Pivot Point S3 113.8
Daily Pivot Point R1 118.25
Daily Pivot Point R2 119.13
Daily Pivot Point R3 120.48



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