EUR/JPY Technical Analysis: remains under pressure above 120.00

FX Street

Updated: 12 Nov. 2019 | 11:32

EUR/JPY is extending the sideline theme so far well supported by the 120.00 neighbourhood and always tracking the JPY-dynamics in response to the US-China trade developments.
The continuation of the leg lower could see the key 100-day SMA near 119.60 re-tested in the short-term horizon ahead of the 55-day SMA at 119.13.
On the flip side, the resumption of the bullish mood continues to target the area of recent tops in the mid-121.00s.

EUR/JPY daily chart

FX Street

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