EUR/JPY consolidates the bear leg to 2020 lows. The level to beat for bears is the 117.50 support. EUR/JPY daily chart EUR/JPY consolidates the bear leg to the 2020 lows as the quote is trading below its main SMAs (simple moving averages) on the daily chart suggesting an overall bearish momentum in the currency cross. EUR/JPY four-hour chart EUR/JPY is trading below the main SMAs on the four-hour time frame suggesting a bearish bias in the medium term. Bears remain in control and a break below the 117.50 level can introduce scope to further losses towards the 116.90 and 116.00 price levels. On the flip side, resistance can emerge near the 118.00 and 118.75 levels. 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 Bitcoin Price Analysis: BTC/USD hugging a critical trend line FX Street 2 years EUR/JPY consolidates the bear leg to 2020 lows. The level to beat for bears is the 117.50 support. EUR/JPY daily chart EUR/JPY consolidates the bear leg to the 2020 lows as the quote is trading below its main SMAs (simple moving averages) on the daily chart suggesting an overall bearish momentum in the currency cross. EUR/JPY four-hour chart EUR/JPY is trading below the main SMAs on the four-hour time frame suggesting a bearish bias in the medium term. Bears remain in control and a break below the 117.50 level can introduce scope to further… Top 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.
