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  • EUR/JPY stays in ranges in the 117-119 zone.
  • EUR/JPY is challenging the 118.31 resistance.

EUR/JPY daily chart

EUR/JPY is trading below its main daily SMAs suggesting a bearish momentum in the medium term. The spot remains under mild bearish pressure below the 120.00 figure. 

EUR/JPY four-hour chart

EUR/JPY remains choppy in the 117-119 range as traders are trying to find a direction for the cross. The quote keeps an underlying downward bias with EUR/JPY trading below the main 100/200 SMAs on the four-hour chart.  
Resistance: 118.40, 118.79, 119.30
Support: 117.85, 117.15, 116.40

Additional key levels