Feb 12, 2020
EUR/JPY Price Analysis: Euro pressuring three-month lows vs. yen
- EUR/JPY is under pressure near three-month lows.
- The level to beat for bears is the 119.80/67 support zone.
EUR/JPY daily chart
EUR/JPY is trading close to three months lows while below the main daily simple moving averages (SMAs).
EUR/JPY four-hour chart
The spot is pressuring the 119.80/67 support zone while trading below the main SMAs. A break below the above-mentioned level can send the quote down towards the 119.67 and 119.20/05 price zone. Bullish attempts could find resistance near the 120.30, 120.55 and 121.00 figure, according to the Technical Confluences Indicator.
Resistance: 120.30, 120.55, 121.00
Support: 119.80/67, 119.67, 119.20/05
Additional key levels