EUR/JPY Price Analysis: Euro parked below the 120.00 figure vs. Japanese yen

 

 

EUR/JPY is stabilizing above 119.50 while trading above the main SMAs on the four-hour chart. The spot is making higher highs and lows as bulls remain in charge. A sustained break above the 120.00 resistance should lead to more up with EUR/JPY looking at the 120.45 and 121.10 levels. On the other hand, support is seen near the 119.50, 119.10 and 118.77 levels.