EUR/JPY Price Analysis: Euro bounces and challenges the 120.00 figure

EUR/JPY is back into familiar territories after dropping from the 121.00 figure.
EUR/JPY is about to challenge the 120.00 figure.

EUR/JPY daily chart

EUR/JPY is easing from March’s highs while rebounding from the 119.00 figure and settling near the 200 SMAs.

EUR/JPY four-hour chart

Euro/Yen exchange rate is consolidating losses below the 120.00 figure and above the main SMAs on the four-hour chart. The market is challenging the 119.90 resistance as the spot can have a retest of the 120.50 and 121.00 price levels. Support is seen near the 119.50, 118.75 and 118.00 levels.

Additional key levels

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