Back
7 May 2020
EUR/JPY Price Analysis: Euro trades in 2020 lows vs. Japanese yen, bearish
- EUR/JPY is battling with the 115.00 figure near 2020 lows.
- The level to beat for sellers is the 114.50 support.
EUR/JPY four-hour chart
Euro/Yen remains vulnerable near 2020 lows while below its main SMAs on the four-hour chart. A sustained break below the 114.50 support can yield further selling pressure towards the 113.50 and 113.00 levels. On the flip side, resistance can emerge near 115.50 and the 116.00 levels.
Resistance: 116.00, 116.50, 117.00
Support: 115.45, 114.50, 113.50
Additional key levels