Home EUR/JPY Technical Analysis: The cross is flirting with the 10-day SMA near 120.70

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EUR/JPY Technical Analysis: The cross is flirting with the 10-day SMA near 120.70

FX Street

Published date: 28 Oct. 2019 | 11:07

EUR/JPY has started the week on a positive note well above the 120.00 mark following two consecutive daily pullbacks on the back of renewed EUR weakness.
Further buying impulse should meet the next relevant hurdle at recent tops in the mid-121.00s ahead of the more relevant 200-day SMA at 122.16.
The resumption of the selling bias should meet strong support in the 120.00 neighbourhood ahead of the 100-day SMA at 119.71.

EUR/JPY daily chart

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