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17 Apr 2019

EUR/JPY Technical Analysis: Euro weakening en route to 126.10 level

EUR/JPY daily chart

  • EUR/JPY is in a consolidation above the 50 and 100 simple moving averages (SMAs).

EUR/JPY 4-hour chart

  • EUR/JPY is trading above its main SMAs suggesting a bullish bias in the medium-term.


EUR/JPY 30-minute chart

  • The market is trading below its 50 and 100 SMAs suggesting a consolidation in the short-term.
  • Key supports are at 126.10 and 125.75 level.
  • On the way up, initial resistance is seen at 126.50 and 126.80 level.

Additional key levels

 

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