EURJPY Bounces Off a Key Resistance by FxPremiere.com Live Forex Signals by Daily Trading Alerts and Live News.

EURJPY Price Analysis – November 21

The increase in the bearish momentum will decrease the price further to the support level of $123. The breakdown of the $123 level will expose the price to the $121 and $120 support level. In case the bearish momentum fails to break down the $123 level, then, the price will bounce and face the resistance levels of $124, $121, and $120.

EURJPY Price Bounces at the Demand Level of $117

EURJPY Market

Key Levels:

Supply levels: $124, $125, $126
Demand levels: $123, $121, $120

EURJPY Bounces Off a Key Resistance

FxPremiere EURJPY Long-term Trend: Bearish

EURJPY remains under the control of the bears; the price hits the resistance level of $124 last two weeks. The currency pair could not penetrate the mentioned level. The bearish candles emerge and the price is descending towards the support level of $121. The momentum of the bears is increasing and the price is decreasing accordingly. EURJPY Price Is Heading Towards $125

Forex Signals – EURJPY Price Break at $120 Supply Level

The market closed yesterday with a daily bearish candle indicates that EURJPY may decrease further.

Notice on EURJPY Bounces Off a Key Resistance

EURJPY Bounces Off a Key Resistance | Forex & Commodities Trading Levels to Watch on Friday