Search ForexCrunch
  • EUR/JPY starts the month of June stabilizing above the 119.50 level. 
  • The level to beat for bulls is 120.00 resistance.
 

EUR/JPY four-hour chart

 
EUR/JPY is stabilizing above 119.50 while trading above the main SMAs on the four-hour chart. The spot is making higher highs and lows as bulls remain in charge. A sustained break above the 120.00 resistance should lead to more up with EUR/JPY looking at the 120.45 and 121.10 levels. On the other hand, support is seen near the 119.50, 119.10 and 118.77 levels. 
 
 
Resistance: 120.00, 120.45, 121.10
Support: 119.50, 119.10, 118.77
 

Additional key levels