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FX.co ★ EUR/JPY H4 I Falling to support

EUR/JPY H4 I Falling to support

EUR/JPY H4 I Falling to support

The EUR/JPY chart is currently displaying an overall bearish momentum, as it approaches a key support level.

Resistance Levels:

The 1st resistance at 158.12 is identified as a "Pullback Resistance", implying its potential to impede upward price movements. Additionally, the 2nd resistance level at 159.11 is characterized as an "Overlap Resistance" indicating its role as a substantial obstacle to further advances.

Support Levels:

On the support side, the 1st support at 155.55 serves as a "Pullback Support". This level suggests an area where buying interest may emerge, potentially providing some support to the price. Similarly, the 2nd support at 154.02 is also classified as a "Pullback Support" highlighting its significance as a substantial support zone.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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