May 22, 2020
EUR/JPY Price Analysis: Euro easing from May’s highs, trades near 117.00 figure
- EUR/JPY is losing steam at the end of the trading week.
- Support can be seen in the 117.25/117.20 price zone.
EUR/JPY four-hour chart
EUR/JPY is easing from the May’s highs while trading above its main SMAs on the four chart. The spot has lost some bullish steam as it is challenging the 117.25/117.00 support zone. As the market remains fragile a break below this point can lead to further declines towards the 116.40 level. On the other hand, bulls need to regain the 118.00 level initially.
Resistance: 118.00 118.75, 119.00
Support: 117.25, 117.00, 116.40
Additional key levels