EUR/JPY Technical Analysis: Strong resistance emerged around 125.50

FX Street

Published date: 4 Apr. 2019 | 09:12

The cross is navigating within a choppy fashion so far this week, gradually inching higher although finding decent resistance in the mid-125.00s.
EUR/JPY needs to leave behind the 125.20/30 band to get a chance to test the 100-day SMA at 126.05.
Further up, the cross needs to clear the key short-term resistance line, today at 126.34, to alleviate downside pressure.

EUR/JPY daily chart

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