Home EUR/JPY Technical Analysis: Further upside faces strong hurdle at the 5-month resistance line at 119.57

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EUR/JPY Technical Analysis: Further upside faces strong hurdle at the 5-month resistance line at 119.57

FX Street

Published date: 19 Sep. 2019 | 11:22

EUR/JPY is flirting with the 5-month resistance line in the 119.60 region, coming under renewed downside pressure via a stronger JPY.
A clear breakout of this resistance area along with the psychological 120.00 handle should put the 100-day SMA at 120.69 back on the radar.
Further up lines up emerge late July peaks in the 121.40 area.

EUR/JPY daily chart

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