- EUR/JPY is prolonging the downside for yet another session on Tuesday, coming down to test the critical 200-day SMA and below albeit recovering some ground afterwards.
- A drop below the 200-day SMA on a sustainable note could accelerate losses to the short-term support line, initially, at 130.48.
- Further south, the 55-day SMA and the 100-day SMA should offer some additional contention at 129.61 and 129.36, respectively.
- On the flip side, the initial hurdle aligns at the 10-day SMA, at 132.09.
EUR/JPY daily chart
Daily high: 132.02
Daily low: 130.71
Support Levels
S1: 131.60
S2: 131.29
S3: 130.85
Resistance Levels
R1: 132.34
R2: 132.79
R3: 133.09
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