Home EUR/JPY Technical Analysis: Negative view remains entrenched. Next target at 114.85

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EUR/JPY Technical Analysis: Negative view remains entrenched. Next target at 114.85

FX Street

Updated: 2 Sep. 2019 | 13:02

EUR/JPY recorded fresh 2019 lows in the 116.40 region during early trade, always on the back of persistent and strong selling bias around the European currency.
The continuation of the leg lower is thus expected at least in the near term. The next target emerges at 114.85, May 2017 low.
Sporadic bouts of buying pressure should meet light resistance at 117.51, the 10-day SMA ahead of the 21-day SMA just beyond 118.00 the figure.

EUR/JPY daily chart

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