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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