EUR/JPY looks to be mostly neutral after an ascent from the May 7 low of the three-and-a-half-month trough of 114.40.
EUR/JPY is revisiting the descending trend line, which has been standing since January 16.
EUR/JPY has fully-reversed this week’s gains, pulling back below its simple moving averages.
EUR/JPY has barely improved after the plunge to a 3-year low of 115.43.
EUR/JPY has returned to the 116.35 low after sellers capitalised on the fact that the pair was unable to close above the 118.59 level.
EUR/JPY sellers seem to have resurfaced after the pair reversed down from the capping mid-Bollinger band.
EUR/JPY is close to breaking the 120.00 psychological level which is near the 40-period SMA on the 4-hour chart.
EUR/JPY is currently aggressively overtaking the mid-Bollinger band and the 118.96 resistance level.
EUR/JPY regained positive momentum at the 120.00 level on Tuesday after failing to breach support around 119.76.
EUR/JPY has stalled around 119.80 after plunging from the six-and-a-half month high of 122.86 on January 16.