EUR/JPY Technical Analysis: Downside pressure alleviated above 122.41

FX Street

Published date: 21 Jun. 2019 | 10:08

The cross has managed to get back some buying interest after two consecutive sessions with losses, although it still trades below the key 122.00 handle.
Immediately to the upside emerges the next hurdle in the 121.90 region, where coincide the 10-day and 21-day SMAs.
Ideally, EUR/JPY needs to clear the short-term resistance line at 122.41 in order to alleviate the current downside pressure.

EUR/JPY daily chart

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