EUR/JPY is trading in a bear trend below the 200-period simple moving average (SMA) on the 4-hour chart. EUR/JPY is trading above the 128.00 level and the 50 SMA just below the 100 SMA. Bulls are having the upper hand targeting 129.00. However, the market might be set for a small pullback to 128.00 before resuming higher. A bear breakout below 127.61 (November 1 low) would be seen as a warning sign for bulls. EUR/JPY 4-hour chart Resistance 1: 129.00 figure Resistance 2: 129.50 figure Resistance 3: 130.22 October 22 swing high Support 1: 127.61 November 1 low Support 2: 126.63 October low Support 3: 126.00 figure Additional key levels at a glance: EUR/JPY Overview: Last Price: 128.53 Daily change: 78 pips Daily change: 0.611% Daily Open: 127.75 Trends: Daily SMA20: 129.18 Daily SMA50: 129.96 Daily SMA100: 129.44 Daily SMA200: 130.45 Levels: Daily High: 128.56 Daily Low: 127.66 Weekly High: 130.22 Weekly Low: 126.63 Monthly High: 132.49 Monthly Low: 126.63 Daily Fibonacci 38.2%: 128 Daily Fibonacci 61.8%: 128.22 Daily Pivot Point S1: 127.42 Daily Pivot Point S2: 127.08 Daily Pivot Point S3: 126.51 Daily Pivot Point R1: 128.33 Daily Pivot Point R2: 128.9 Daily Pivot Point R3: 129.24 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 Ripple’s XRP Price Analysis: XRP/USD makes its first steps out of bull flag pattern FX Street 4 years EUR/JPY is trading in a bear trend below the 200-period simple moving average (SMA) on the 4-hour chart. EUR/JPY is trading above the 128.00 level and the 50 SMA just below the 100 SMA. Bulls are having the upper hand targeting 129.00. However, the market might be set for a small pullback to 128.00 before resuming higher. A bear breakout below 127.61 (November 1 low) would be seen as a warning sign for bulls. EUR/JPY 4-hour chart Resistance 1: 129.00 figure Resistance 2: 129.50 figure Resistance 3: 130.22 October 22 swing high Support 1: … 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.
