EUR/JPY is bouncing from four-month lows. The level to beat for bulls is the 121.43 resistance. EUR/JPY daily chart EUR/JPY is reversing up from four-month lows while trading off the 50-day simple moving average (SMA). EUR/JPY four-hour chart The spot bounced from the 2020 lows and is now challenging the 121.00 figure and the 200 SMA on the four-hour chart. Bulls are for now remaining in control as the reversal up was quite sharp. A break above 121.43 can lead to further upside towards the 121.80 and 122.18 levels. On the flip side, retracements down may find support near the 120.55 and 120.04 levels, according to the Technical Confluences Indicator. Resistance: 121.43, 121.80, 122.18 Support: 120.55, 120.04, 119.79 Additional key levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY looks to post first daily close above 112 since April 2019 FX Street 2 years EUR/JPY is bouncing from four-month lows. The level to beat for bulls is the 121.43 resistance. EUR/JPY daily chart EUR/JPY is reversing up from four-month lows while trading off the 50-day simple moving average (SMA). EUR/JPY four-hour chart The spot bounced from the 2020 lows and is now challenging the 121.00 figure and the 200 SMA on the four-hour chart. Bulls are for now remaining in control as the reversal up was quite sharp. A break above 121.43 can lead to further upside towards the 121.80 and 122.18 levels. On the flip side, retracements down may… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
