- Another day, another drop in EUR/JPY. The cross keeps fading the up move to the 132.00 neighbourhood seen in the first half of July, now opening the door to a test of the short-term support line in the 129.30 region.
- Above 129.30, another visit to the 200-day SMA around 131.90 should not be ruled out.
- In addition, the constructive bias appears supported as long as the cross trades above the daily cloud.
EUR/JPY daily chart
Daily high: 130.21
Daily low: 129.76
Support Levels
S1: 129.66
S2: 129.38
S3: 129.01
Resistance Levels
R1: 130.32
R2: 130.68
R3: 130.97
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