Home EUR/JPY Technical Analysis: Extra losses point to a test of February 2017 lows in the 119.50 region

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EUR/JPY Technical Analysis: Extra losses point to a test of February 2017 lows in the 119.50 region

FX Street

Updated: 29 May. 2019 | 09:32

EUR/JPY has finally broken below the critical support at 122.00 the figure on the back of EUR weakness and a persistent demand for the safe haven JPY.
Further downside is now expected, with the immediate target emerging in the mid-119.00s, or February 2017 lows.
There is no change in the broader bearish outlook on the cross as long as the multi-month resistance line at 125.55 keeps limiting the upside.

EUR/JPY daily chart

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