EUR/JPY is drifting lower, correcting the October bull rally. The level to beat for bears is the 119.94/81 support zone. EUR/JPY daily chart EUR/JPY is trading in a downtrend below the 200-day simple moving average (DMA). However, last month the cross had a rally to the 121.00 figure. The spot has been entering a consolidation in mid-October and November. EUR/JPY four-hour chart On the four-hour chart, the market is drifting down below its 50 and 100 SMAs. A break below 119.94/81 support zone can drive the cross towards the 119.66 and 119.44 in the medium term. EUR/JPY 30-minute chart The market is trading below its main SMAs, suggesting a bearish bias in the near term. Resistances are seen at the 119.20, 120.44 and 120.66 levels, according to the Technical Confluences Indicator. 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 WH Adviser Kudlow: No tariff adjustments until China deal has been finalized – CNBC FX Street 3 years EUR/JPY is drifting lower, correcting the October bull rally. The level to beat for bears is the 119.94/81 support zone. EUR/JPY daily chart EUR/JPY is trading in a downtrend below the 200-day simple moving average (DMA). However, last month the cross had a rally to the 121.00 figure. The spot has been entering a consolidation in mid-October and November. EUR/JPY four-hour chart On the four-hour chart, the market is drifting down below its 50 and 100 SMAs. A break below 119.94/81 support zone can drive the cross towards the 119.66 and 119.44 in the… 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.
