EUR/JPY technical analysis: Falls below the 200 daily moving average

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  • EUR/JPY falls below the 200 daily moving average, falling out of the short-term consolidation.
  • Bars eye support below the 117.55/52 August 12 and September 12 lows.

EUR/JPY has gapped to the downside in the open of the week on risk-off news and has broken below the 21-daily moving average and the 200-daily moving average, falling out of the short-term consolidation in the 119.49/120.06 resistance area, made up of the July low, August 6th and 13 highs, 55-day moving average and six-month resistance line. Support below the 117.55/52 August 12 and September 12 lows come in at the 116.58/115.87 area. 

EUR/JPY daily chart

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