EUR/JPY remains week at the start of the trading week. The level to beat for bears is the 117.25/117.20 price zone. EUR/JPY four-hour chart EUR/JPY retraced from the May’s highs while trading above the main SMAs on the four-hour chart. The spot lost some bullish momentum as it is challenging the 117.25/117.00 support zone. As the spot remains fragile within an overall bear trend, a break below the mentioned levels can lead to further weakness towards the 116.40 level. On the flip side, occasional bullish attempts should find resistance near the 118.00 level initially. Resistance: 118.00 118.75, 119.00 Support: 117.25, 117.00, 116.40 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/CAD Price Analysis: Greenback remains weak vs. Canadian dollar FX Street 3 years EUR/JPY remains week at the start of the trading week. The level to beat for bears is the 117.25/117.20 price zone. EUR/JPY four-hour chart EUR/JPY retraced from the May’s highs while trading above the main SMAs on the four-hour chart. The spot lost some bullish momentum as it is challenging the 117.25/117.00 support zone. As the spot remains fragile within an overall bear trend, a break below the mentioned levels can lead to further weakness towards the 116.40 level. On the flip side, occasional bullish attempts should find resistance near the 118.00 level initially. Resistance:… 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.
