- Finally some respite for the cross after hitting fresh lows in the 129.00 neighbourhood on Friday, regaining the 130.00 handle and above following a better sentiment around the single currency at the beginning of the week.
- Another visit to the key 200-day SMA in the 131.80 region still remains on the cards, as the short-term support line held the initial test and the cross still trades above the daily cloud.
- On the downside, a breakdown of recent lows in the 129.00 region should open the door for a potential test of May’s low in the 124.60 zone.
EUR/JPY daily chart
Daily high: 129.55
Daily low: 129.20
Support Levels
S1: 129.19
S2: 128.93
S3: 128.75
Resistance Levels
R1: 129.63
R2: 129.82
R3: 130.08
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