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1 Jun 2020
EUR/JPY Price Analysis: Euro parked below the 120.00 figure vs. Japanese yen
- EUR/JPY starts the month of June stabilizing above the 119.50 level.
- The level to beat for bulls is 120.00 resistance.
EUR/JPY four-hour chart
EUR/JPY is stabilizing above 119.50 while trading above the main SMAs on the four-hour chart. The spot is making higher highs and lows as bulls remain in charge. A sustained break above the 120.00 resistance should lead to more up with EUR/JPY looking at the 120.45 and 121.10 levels. On the other hand, support is seen near the 119.50, 119.10 and 118.77 levels.
Resistance: 120.00, 120.45, 121.10
Support: 119.50, 119.10, 118.77
Additional key levels