EUR/JPY Technical Analysis: Recovery tests the 10-day SMA around 124.90

FX Street

Updated: 1 Apr. 2019 | 10:17

The cross is adding to Friday’s gains and is now looking to reclaim the critical resistance at 125.00 the figure.
EUR/JPY has briefly tested the 124.90 region early in the session, where sits the key 10-day SMA and remains the last defence for a visit to the key 125.00 neighbourhood.
Looking at the broader picture, the outlook on the cross remains bearish while the 6-month resistance line at 126.53 caps the upside.

EUR/JPY daily chart

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