EUR/JPY Technical Analysis: Next target at the 55-day SMA near 119.70

FX Street

Updated: 9 Sep. 2019 | 11:57

EUR/JPY has resumed the upside following Friday’s corrective pullback.
Further upside is expected to reach last week’s top at 118.61 (Thursday) ahead of 119.58 (August 13 high).
The cross should move above the 55-day SMA at 119.70 and the resistance line at 120.00 to alleviate near term downside pressure.

EUR/JPY daily chart

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