Home EUR/JPY Technical Analysis: Further downside could see the 120.80 region retested

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EUR/JPY Technical Analysis: Further downside could see the 120.80 region retested

FX Street

Published date: 14 Jun. 2019 | 09:48

EUR/JPY is extending the correction lower and is now putting the key support at 122.00 the figure to the test.
The acceleration of the selling impulse carries the potential to drag the cross to recent lows in the 120.80/75 band ahead of YTD lows in sub-119.00 levels (‘flash crash’ in early January).
Furthermore, the negative view on the cross remains unchanged below the multi-month resistance line, today at 125.09.

EUR/JPY daiy chart

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