Home EUR/JPY Technical Analysis: Decline could extend to 2019 lows in sub-119.00 levels

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EUR/JPY Technical Analysis: Decline could extend to 2019 lows in sub-119.00 levels

FX Street

Published date: 3 Jun. 2019 | 10:17

The increased demand for the safe haven Japanese currency has dragged EUR/JPY to fresh lows in the 120.80 region.
The sharp pullback has now exposed a potential re-visit to YTD lows in the sub-119.00 region following the ‘flash crash’ recorded in the very first sessions of the year.
In the broader picture, while below the multi-month resistance line at 125.40, the negative prospect on the cross should remain intact.

EUR/JPY daily chart

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