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14 May 2020
EUR/JPY Price Analysis: Euro vulnerable against Japanese yen, trades near 115.60 level
- EUR/JPY is trading off the session lows.
- The level to beat for sellers is the 115.50 support.
EUR/JPY four-hour chart
EUR/JPY is trading in a downtrend below the main SMAs on the four-hour chart. The spot is challenging the 115.50 support level just below the 50 SMA. A daily close below the mentioned level can yield further declines towards the 115.00 and 114.50 levels. On the flip side, resistance can emerge near 116.00 and the 116.50 levels.
Resistance: 116.50, 117.00, 118.00
Support: 116.00, 115.50, 114.50
Additional key levels