Home EUR/JPY Technical Analysis: next target now emerges at the 200-day SMA at 122.11

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EUR/JPY Technical Analysis: next target now emerges at the 200-day SMA at 122.11

FX Street

Published date: 31 Oct. 2019 | 10:37

EUR/JPY is giving away part of the weekly gains and returned to the 121.00 region on renewed upside bias in the Japanese safe haven.
The near term bullish outlook in the cross, however, remains well in place and is now targeting the key 200-day SMA at 122.11.
Occasional bouts of selling pressure should meet decent and initial contention in the 120.00 neighbourhood ahead of the 100-day SMA near 119.70.

EUR/JPY daily chart

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