Home EUR/JPY Technical Analysis: Downside seen testing the 121.00 neighbourhood

EUR/JPY Technical Analysis: Downside seen testing the 121.00 neighbourhood

Published date: 4 Jul. 2019 | 09:22

EUR/JPY keeps navigating the lower end of the weekly range in sub-122.00 levels, where it is now looking for some consolidation.
Extra losses remain well on the cards and could see the 120.95 level (June 21 low) retested ahead of 120.78 (May lows).
Looking at the broader picture, the offered stance on EUR/JPY remains unchanged below the short-term resistance line, today at 123.13.

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