Search ForexCrunch
  • EUR/JPY is under selling pressure into the New York close.
  • The level to beat for bears is the 117.50 support.

EUR/JPY daily chart

EUR/JPY is trading below the main SMAs suggesting a bearish bias in the medium term. The spot is rebounding from the 2020 lows without much follow-through.

EUR/JPY four-hour chart

EUR/JPY remains under selling pressure below the main SMAs. Bears are trying to break below the 117.50 support as they eye the 117.00 and 116.00 figure to the downside. Conversely, the bulls would need to recapture the 119.00/119.50 resistance zone to aim towards the 121.00 level.



Expert score


Etoro - Best For Beginner & Experts

  • 0% Commission and No stamp Duty
  • Regulated by US,UK & International Stock
  • Copy Successfull Traders
Your capital is at risk.