- 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
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