EUR/JPY Technical Analysis: Recovery still targets 123.00 and above

FX Street

Updated: 11 Jun. 2019 | 10:57

The recent upside in EUR/JPY faced headwinds on Monday but it seems to have regained some shine today, trading at shouting distance from the key 123.00 barrier.
Immediately to the upside emerge March peaks in the 123.75/80 band ahead of the 55-day SMA at 123.92.
In the meantime, the bearish view on the cross remains intact while below the multi-month resistance line, today at 125.21.

EUR/JPY daily chart

FX Street

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