EUR/JPY Technical Analysis: Upside still capped by the 55-day SMA at 122.13

FX Street

Published date: 22 Jul. 2019 | 09:57

EUR/JPY is attempting a decent rebound to the 121.00 handle amidst some renewed offered tone surrounding the Japanese currency.
The cross, in the meantime, looks well supported in the 120.80/75 band, coincident with June/July lows so far.
In case sellers regain the initiative, there are no relevant levels until 2019 lows in the sub-119.00 zone seen in early January.
Below the 55-day SMA at 122.13 the negative outlook is expected to persist for the time being.

EUR/JPY daily chart

FX Street

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