EUR/JPY Technical Analysis: Decline halted at key support near 120.80

FX Street

Updated: 19 Jul. 2019 | 11:47

The cross is now looking to regain some ground lost in past sessions and is flirting with the key barrier at 121.00 the figure.
The multi-session leg lower met strong contention in the 120.80 region on Thursday, matching the lowest level recorded in June.
On the way south, there are no relevant levels until 2019 lows in the sub-119.00 zone seen in early January.
Below the multi-month resistance line at 122.43 the negative outlook should remain unchanged in the near term.

EUR/JPY daily chart

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