EUR/JPY Price Analysis: Euro trading off 2020 lows, remains vulnerable vs. yen

EUR/JPY is under selling pressure while trading off the 2020 lows near the 120.00 level.
The level to beat for bears is the 119.90 support.

Flavio Tosti Independent Analyst

EUR/JPY daily chart

EUR/JPY is consolidating the recent drop near the 120.00 figure while trading below the main simple moving averages (SMAs).

EUR/JPY four-hour chart

The market remains under selling pressure despite the possibility of a correction. Bears would be looking to pierce the 119.90 support to reach the 119.65 and 119.40 levels, according to the Technical Confluences Indicator. Resistances are seen near 120.40, 120.82 and 121.15 levels.

Additional key level

EUR/JPY

Overview
Today last price	120.07
Today Daily Change	0.10
Today Daily Change %	0.08
Today daily open	119.97

Trends
Daily SMA20	121.62
Daily SMA50	121.22
Daily SMA100	120.37
Daily SMA200	120.75

Levels
Previous Daily High	120.46
Previous Daily Low	119.91
Previous Weekly High	122.37
Previous Weekly Low	120.42
Previous Monthly High	124.2
Previous Monthly Low	119.98
Daily Fibonacci 38.2%	120.12
Daily Fibonacci 61.8%	120.25
Daily Pivot Point S1	119.76
Daily Pivot Point S2	119.56
Daily Pivot Point S3	119.2
Daily Pivot Point R1	120.32
Daily Pivot Point R2	120.67
Daily Pivot Point R3	120.87

Author

Flavio Tosti

Independent Analyst

EUR/USD: Breakdown below trading range support near 1.1770 comes into play

The EUR/USD pair opens with a bearish gap at the start of a new week as the US-Iran war-led global flight to safety boosts the US Dollar. Spot prices, however, lack follow-through selling and manage to hold above mid-1.1700s during the Asian session.

GBP/USD targets 1.3500 barrier near moving averages

GBP/USD rebounds from the daily losses, trading around 1.3450 during the Asian hours on Monday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair trades within a descending channel pattern.

Gold retreats from $5,400; still up over 1% amid Middle East tensions

Gold retreats from the $5,400 neighborhood, or its highest level since late January, touched in the Asian session on Monday, though it manages to hold above the $5,300 round figure. The bright metal opened with a bullish gap of about $17 and rallied toward the $5,400 level as Asian traders hit their desks and reacted negatively to the weekend news of the US and Israel attacks on Iran, rushing for cover in Gold.

Top Crypto Losers: Tezos, Toncoin, and Polkadot at crucial levels amid US-Israel strike on Iran

Altcoins such as Tezos, Toncoin, and Polkadot rank among the worst hit cryptocurrencies over the last 24 hours amid the US and Israel's attack on Iran. Tezos and Toncoin are down to crucial support levels while Polkadot remains near a crucial resistance trendline, showcasing underlying strength.

The market is paying for insurance, not apocalypse

As expected, this morning felt less like a Monday market open and more like a fire drill. Futures screens flickered red. S&P contracts down almost 1%. Nasdaq off 1.2%. Brent leaped 13% through $80. Gold rose 1.6% toward $5350 before paring some gains. The dollar is strutting mildly. The Swiss franc is quietly doing what it always does in a storm, catching some safe-haven flows.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.