Search ForexCrunch
  • EUR/JPY has so far reversed Monday’s pullback and it has now resumed the upside on the back of renewed JPY-selling.
  • If the buying pressure gathers extra pace, the 55-day SMA at 118.75 emerges as the next key target ahead of September highs in the 120.00 neighbourhood.
  • On the broader view, while the resistance line at 118.98 caps the upside, the bearish view remains intact.

EUR/JPY daily chart