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  • 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