- EUR/JPY is trading down on the day, challenging the 116.00 figure.
- Support can be seen near 115.50 and 114.50 levels.
EUR/JPY four-hour chart
EUR/JPY is trading in a downtrend below the 100 and 200 SMAs on the four-hour chart. The spot is challenging the 116.00 support level along with the 50 SMA. A sustained break and a daily close below the 116.00 support can yield further weakness towards the 115.50 and 114.50 levels. Conversely, resistance can be expected near 116.50 and the 117.00 levels.
Resistance: 116.50, 117.00, 118.00
Support: 116.00, 115.50, 114.50
Additional key levels
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