OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/JPY Price Analysis: Euro clings to March’s highs near 121.00 figure

  • EUR/JPY remains bullish and challenges the monthly highs. 
  • The level to beat for buyers is the 121.00 resistance. 
 

EUR/JPY daily chart

 
EUR/JPY is pressuring the 121.00 handle and the March’s highs while trading above its main daily SMAs. 
 

EUR/JPY four-hour chart

 
Euro/Yen exchange rate is putting the 121.00 handle to the test as buyers are back in the driver’s seat while more gains can be expected towards the 121.40 or 122.00 levels on the way up. Support can be seen near the 120.50, 120.00 and 119.50 levels. 
 
 
 
Resistance: 121.00, 121.40, 122.00
Support: 120.50, 120.00, 119.50
 

Additional key levels

 

US: Venezuela’s President Maduro charged in New York with drug trafficking crimes

The President of Venezuela, Nicolás Maduro and several key aides were indicted in the US on charges of narco-terrorism. The department accused them of
Read more Previous

WTI drops below $23, erases more than 6% on the day

After posting modest recovery gains during the first half of the week, crude oil prices came under renewed selling pressure on Thursday. As of writing
Read more Next
Start livechat