Home EUR/JPY Technical Analysis: The cross remains firm. Next stop at the 200-day SMA above 122.00

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EUR/JPY Technical Analysis: The cross remains firm. Next stop at the 200-day SMA above 122.00

FX Street

Updated: 18 Oct. 2019 | 11:02

The rally in EUR/JPY remains well in place so far, tracking the solid performance of the European currency and the persistent offered bias in the Japanese safe haven.
The cross has briefly printed fresh 3-month tops in the 121.30/35 band on Thursday, area coincident the late July tops, just to give away some gains afterwards.
However, the near term bullish outlook in the cross looks solid and targets the critical 200-day SMA in the 122.30 region.

EUR/JPY daily chart

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