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EUR/JPY Price Analysis: Euro easing from May’s highs, trades near 117.00 figure

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

EUR/JPY

OVERVIEW
Today last price 117.13
Today Daily Change -0.69
Today Daily Change % -0.59
Today daily open 117.82
 
TRENDS
Daily SMA20 116.36
Daily SMA50 117.5
Daily SMA100 118.93
Daily SMA200 119.31
 
LEVELS
Previous Daily High 118.52
Previous Daily Low 117.73
Previous Weekly High 116.86
Previous Weekly Low 115.3
Previous Monthly High 119.04
Previous Monthly Low 115.45
Daily Fibonacci 38.2% 118.03
Daily Fibonacci 61.8% 118.22
Daily Pivot Point S1 117.52
Daily Pivot Point S2 117.23
Daily Pivot Point S3 116.73
Daily Pivot Point R1 118.31
Daily Pivot Point R2 118.81
Daily Pivot Point R3 119.11

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