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.

Flavio Tosti Independent Analyst

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

EUR/JPY

Overview
Today last price	117.54
Today Daily Change	0.17
Today Daily Change %	0.14
Today daily open	117.37

Trends
Daily SMA20	117.18
Daily SMA50	118.4
Daily SMA100	119.73
Daily SMA200	119.52

Levels
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

Author

Flavio Tosti

Independent Analyst

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