Home EUR/JPY Technical Analysis: Rallies stay limited by the 120.00 region so far

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EUR/JPY Technical Analysis: Rallies stay limited by the 120.00 region so far

FX Street

Updated: 15 Oct. 2019 | 11:27

EUR/JPY has been rejected once again from the 120.00 neighbourhood.
The inability of retest/surpass this key resistance area in the near term could spark some consolidation and add to the view that a short-term top is in place.
The continuation of the correction lower should meet the next support at the multi-month support line at 118.60.

EUR/JPY daily chart

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