EUR/JPY intensifies the leg lower below the 121.00 mark on Friday. Immediately to the downside is located the 200-day SMA near 119.60. EUR/JPY is losing ground for the third session in a row at the end of the week following a broad-based pick-up in the risk-off sentiment and after being rejected from the mid-121.00s in past sessions. If the selling pressure gathers traction, then the door is open for a potential move lower to the 200-day SMA at 119.62. As long as this area of support holds the downside, the outlook on the cross is seen as constructive. This contention area is also reinforced by June’s lows in the 119.30 region. EUR/JPY daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next ECB said to be fighting a policy dispute on flexibility of PEPP – Bloomberg FX Street 3 years EUR/JPY intensifies the leg lower below the 121.00 mark on Friday. Immediately to the downside is located the 200-day SMA near 119.60. EUR/JPY is losing ground for the third session in a row at the end of the week following a broad-based pick-up in the risk-off sentiment and after being rejected from the mid-121.00s in past sessions. If the selling pressure gathers traction, then the door is open for a potential move lower to the 200-day SMA at 119.62. As long as this area of support holds the downside, the outlook on the cross is seen as constructive. This contention… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.