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21 Nov 2019
EUR/JPY Technical Analysis: Euro sidelined against yen, trades near 120.15 level
- This week, EUR/JPY is trading sideways near the 120.00 handle
- The level to beat for sellers is the 119.80 level.
EUR/JPY daily chart
EUR/JPY is trading in a bear trend below its 200-day simple moving average (DMA). The market is currently in correction mode after the October bull run as the spot stays limited below the 121.00 handle.
EUR/JPY four-hour chart
On the four-hour chart, the market is trading below the 120.46/64 resistance and the 100/200 SMAs. A break below 119.80 can lead to the 119.42 support level, according to Technical Confluences Indicator.
EUR/JPY 30-minute chart
The market is ranging this week with the price currently hovering near the 121.15 support level and below the main SMAs.
Additional key levels