Home EUR/JPY Technical Analysis: a move to the 100-day SMA at 119.55 is on the cards
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EUR/JPY Technical Analysis: a move to the 100-day SMA at 119.55 is on the cards

  • EUR/JPY is prolonging the weekly leg lower and is now flirting with the key contention area in the 120.00 neighbourhood.
  • The continuation of the selling bias could see the key 100-day SMA at 119.55 re-tested in the short-term horizon ahead of the 55-day SMA at 119.13.
  • On the flip side, the upside bias appears limited by recent peaks in the 121.50 region.

EUR/JPY daily chart

 

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