EUR/JPY Technical Analysis: Room for a test of 121.00 and below

FX Street

Updated: 17 Jul. 2019 | 09:22

EUR/JPY is prolonging the weekly downside and is now trading closer to the key support at 121.00 the figure.
The cross has intensified the decline on the back of rising selling pressure around the European currency and after the breakdown of the 21-day and 10-day SMAs.
Immediately down emerges the 120.95/73 band, June lows, which are considered the last defence for a test of YTD lows in sub 119.00 levels recorded back in January.

EUR/JPY daily chart

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