EUR/JPY Technical Analysis: Euro under pressure against Yen, trading sub-119.45 level


  • EUR/JPY is retracing down after the October bull run. 
  • The level to beat for sellers is the 119.10 level.
 
 

EUR/JPY daily chart

 
EUR/JPY is trading in a bear trend below its 200-day simple moving average (DMA). The market is correcting down after the October bull run as the price is challenging the 50 and 100 DMA near the 119.43 level.
 

EUR/JPY four-hour chart

 
On the four-hour chart, the market broke below the 119.45 support and the 200 SMA, suggesting that the market is becoming weak. As the spot broke below 119.45, the market could continue to decline further towards the 119.10 and 118.77 support levels.
 
 

EUR/JPY 30-minute chart

 
The market is under pressure below the main SMAs, suggesting a bearish bias in the near term. Resistances are seen at the 119.45, 119.80 and 120.15 levels, according to the Technical Confluences Indicator. 
 

Additional key levels

EUR/JPY

Overview
Today last price 119.4
Today Daily Change -0.34
Today Daily Change % -0.28
Today daily open 119.74
 
Trends
Daily SMA20 120.68
Daily SMA50 119.4
Daily SMA100 119.56
Daily SMA200 121.91
 
Levels
Previous Daily High 120.19
Previous Daily Low 119.58
Previous Weekly High 121.31
Previous Weekly Low 120.14
Previous Monthly High 121.48
Previous Monthly Low 117.07
Daily Fibonacci 38.2% 119.81
Daily Fibonacci 61.8% 119.96
Daily Pivot Point S1 119.48
Daily Pivot Point S2 119.22
Daily Pivot Point S3 118.86
Daily Pivot Point R1 120.09
Daily Pivot Point R2 120.45
Daily Pivot Point R3 120.71

 

 

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