EUR/JPY Technical Analysis: Euro pressuring weekly lows against Japanese yen, sub-120.00 handle

EUR/JPY is ending the week on its low tick.
The level to beat for bears is the 119.80 level.

Flavio Tosti Independent Analyst

EUR/JPY daily chart

EUR/JPY is trading in a downtrend below the 200-day simple moving average (DMA). The market is currently correcting the October bull run as the spot stays limited by the 121.00 handle.

EUR/JPY four-hour chart

On the four-hour chart, the market is challenging the 119.80 level while below the main SMAs. A daily break below 119.80 can lead to the 119.42 support level, according to Technical Confluences Indicator.

EUR/JPY 30-minute chart

The market is ending the week near the weekly lows while below the main SMAs. Resistance is seen at the 120.15 and 120.45 levels.

Additional key levels

EUR/JPY

Overview
Today last price	119.77
Today Daily Change	-0.34
Today Daily Change %	-0.28
Today daily open	120.11

Trends
Daily SMA20	120.46
Daily SMA50	119.58
Daily SMA100	119.44
Daily SMA200	121.78

Levels
Previous Daily High	120.58
Previous Daily Low	119.93
Previous Weekly High	120.65
Previous Weekly Low	119.24
Previous Monthly High	121.48
Previous Monthly Low	117.07
Daily Fibonacci 38.2%	120.18
Daily Fibonacci 61.8%	120.33
Daily Pivot Point S1	119.83
Daily Pivot Point S2	119.56
Daily Pivot Point S3	119.18
Daily Pivot Point R1	120.48
Daily Pivot Point R2	120.85
Daily Pivot Point R3	121.13

Author

Flavio Tosti

Independent Analyst

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