EURJPY Price News and Forecast: Euro choppy vs. yen, trades near 118.50 level

EURJPY Price News and Forecast: Euro choppy vs. yen, trades near 118.50 level

  • EUR/JPY stays in ranges in the 117-119 zone.
  • EUR/JPY is challenging the 118.31 resistance.

 

EUR/JPY daily chart

 EUR/JPY is trading below its main daily SMAs suggesting a bearish momentum in the medium term. The spot remains under mild bearish pressure below the 120.00 figure.  

EUR/JPY four-hour chart

EUR/JPY remains choppy in the 117-119 range as traders are trying to find a direction for the cross. The quote keeps an underlying downward bias with EUR/JPY trading below the main 100/200 SMAs on the four-hour chart. 

   

Resistance: 118.40, 118.79, 119.30Support: 117.85, 117.15, 116.40 

Additional key levels

EUR/JPY

Overview
Today last price 118.39
Today Daily Change 0.02
Today Daily Change % 0.02
Today daily open 118.37

 

Trends
Daily SMA20 119.45
Daily SMA50 120.28
Daily SMA100 120.57
Daily SMA200 120.15

 

Levels
Previous Daily High 120
Previous Daily Low 117.14
Previous Weekly High 120.32
Previous Weekly Low 116.13
Previous Monthly High 121.4
Previous Monthly Low 118.38
Daily Fibonacci 38.2% 118.23
Daily Fibonacci 61.8% 118.91
Daily Pivot Point S1 117.01
Daily Pivot Point S2 115.65
Daily Pivot Point S3 114.15
Daily Pivot Point R1 119.87
Daily Pivot Point R2 121.36
Daily Pivot Point R3 122.73

 

 

 


Source: FxStreet

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