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6 May 2020
EUR/JPY Price Analysis: Euro sinks to fresh 2020 lows vs. Japanese yen
- EUR/JPY is breaking to fresh 2020 lows.
- The level to beat for bears is the 114.50 support.
EUR/JPY four-hour chart
Euro/Yen is weakening to fresh 2020 lows while below the main SMAs on the four-hour chart. A break below the 114.50 support can lead to further selling interest towards the 113.50 and 113.00 levels. Conversely, resistance can be expected near 115.50 and the 116.00 levels.
Resistance: 116.00, 116.50, 117.00
Support: 115.45, 114.50, 113.50
Additional key levels