OctaFX | OctaFX Forex Broker
Open trading account

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


NY Fed's GDP Nowcast for Q2 2020 rises slightly to -30.5%

The US economy is expected to contract by 30.5% in the second quarter of the year, the Federal Reserve Bank of New York's latest Nowcasting Report sho
Read more Previous

NZD/USD extends slide below 0.6100 as US dollar consolidates gains

The NZD/USD pair broke below 0.6100 and fell to 0.6080, reaching the lowest in two days. The pair is holding below 0.6100, on negative territory for t
Read more Next
Start livechat