Home EUR/JPY Technical Analysis: Attention still stays on the 122.00 region near term

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EUR/JPY Technical Analysis: Attention still stays on the 122.00 region near term

FX Street

Updated: 20 May. 2019 | 09:28

EUR/JPY is looking to extend the sideline theme in the lower bound of the recent range below 123.00 the figure.
Occasional bullish attempts should meet interim resistance at 123.94, where sits the 21-day SMA ahead of the 124.90 area, where coincide the 100-day and 55-day SMAs.
In the meantime, a visit to recent lows near the 122.00 handle remains well in place in the near term as long as the cross navigates below the critical multi-month resistance line, today at 125.87.

EUR/JPY daily chart

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