EUR/JPY hit its highest since early March 2020 this Thursday. Support can be seen near the 118.00 price level. EUR/JPY four-hour chart EUR/JPY is trading near the May’s highs above the main SMAs on the four chart suggesting a bullish bias. However, the market lost some steam on Thursday and it remains to be seen if the spot has some fuel left in the tank. The next resistance zone is seen near the 118.75/119.00 price levels followed by the 119.50 level. On the other hand, a daily break below the 118.00 figure can lead to an acceleration down towards lower levels. Immediate support is seen near the 117.25 and 117.00 levels. Resistance: 118.75, 119.00, 119.50 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 Fed’s Clarida: Strength of banks is not a concern right now FX Street 2 years EUR/JPY hit its highest since early March 2020 this Thursday. Support can be seen near the 118.00 price level. EUR/JPY four-hour chart EUR/JPY is trading near the May’s highs above the main SMAs on the four chart suggesting a bullish bias. However, the market lost some steam on Thursday and it remains to be seen if the spot has some fuel left in the tank. The next resistance zone is seen near the 118.75/119.00 price levels followed by the 119.50 level. On the other hand, a daily break below the 118.00 figure can lead to an acceleration down… 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.
