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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

 

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