- EUR/JPY is correcting up, holding above the 116.00 figure.
- Support can emerge near the 116.00 level.
EUR/JPY four-hour chart
EUR/JPY is trading in a bear trend below the 200 SMAs on the four-hour chart. However, the spot is bouncing up to the 116.50 resistance while trading above the 50/100 SMAs. Since the overall bias is bearish the sellers might try to come back soon with a potential break below the 116.00 level for a retest of the 116.00and 115.50 levels. On the flip side, resistance can emerge near 116.50 and 117.00 levels.
Resistance: 116.50, 117.00, 118.00
Support: 116.00, 115.50, 114.50
Additional key levels
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