EUR/JPY Technical Analysis: Interim support emerged near 120.00

FX Street

Published date: 26 Jul. 2019 | 10:22

EUR/JPY has rebounded from recent lows in the boundaries of the 120.00 handle.
If this key contention area is breached it will expose a potential move to 2019 lows in the sub-119.00 zone recorded in early January.
Additionally, the negative stance in the cross should persist as long as the 55-day SMA at 121.94 caps the upside.

EUR/JPY daily chart

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