EUR/JPY pops to fresh May’s highs and retraces down. The level to beat for bears is 118.00 support. EUR/JPY four-hour chart EUR/JPY is retracing from the May’s highs while trading above its main SMAs on the four-hour chart. However, the spot seems to be struggling to overcome the 118.75/119.00 resistance zone. As EUR/JPY stays fragile in an overall downward trend, a break below the 118.00 support level can yield weakness towards the 117.25/117.00 support zone. On the other hand, resistance can be seen near the 118.75, 119.00 and 119.51 price levels. Resistance: 118.75, 119.00, 119.51 Support: 118.00, 117.25, 117.00 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/CNH hits record highs, US determines Hong Kong no longer autonomous FX Street 3 years EUR/JPY pops to fresh May’s highs and retraces down. The level to beat for bears is 118.00 support. EUR/JPY four-hour chart EUR/JPY is retracing from the May’s highs while trading above its main SMAs on the four-hour chart. However, the spot seems to be struggling to overcome the 118.75/119.00 resistance zone. As EUR/JPY stays fragile in an overall downward trend, a break below the 118.00 support level can yield weakness towards the 117.25/117.00 support zone. On the other hand, resistance can be seen near the 118.75, 119.00 and 119.51 price levels. Resistance: 118.75, 119.00, 119.51 Support:… 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.
