EUR/JPY is starting the week with a range below 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 presently correcting the October rally as the spot stays capped by the 121.00 handle. EUR/JPY four-hour chart On the four-hour chart, the market is currently supported above the 119.80 level while below the main SMAs. However, a break below 119.80 can send the market down towards the 119.42 support level in the medium term, according to Technical Confluences Indicator. EUR/JPY 30-minute chart The cross is having a mixed session while trading below the 100/200 SMAs. As the outlook is bearish, resistance can be expected at the 120.15 and 120.45 levels. 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 ECB Mersch: We should not breach our promise of no further capital requirements on aggregate FX Street 3 years EUR/JPY is starting the week with a range below 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 presently correcting the October rally as the spot stays capped by the 121.00 handle. EUR/JPY four-hour chart On the four-hour chart, the market is currently supported above the 119.80 level while below the main SMAs. However, a break below 119.80 can send the market down towards the 119.42 support level in the medium… 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.
