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  • This week, EUR/JPY is trading sideways near the 120.00 handle
  • The level to beat for sellers is the 119.80 level.

EUR/JPY daily chart

EUR/JPY is trading in a bear trend below its 200-day simple moving average (DMA). The market is currently in correction mode after the October bull run as the spot stays limited below the 121.00 handle.

EUR/JPY four-hour chart

On the four-hour chart, the market is trading below the 120.46/64 resistance and the 100/200 SMAs. A break below 119.80 can lead to the 119.42 support level, according to Technical Confluences Indicator.    

EUR/JPY 30-minute chart

The market is ranging this week with the price currently hovering near the 121.15 support level and below the main SMAs.  

Additional key levels