EUR/JPY Technical Analysis: The cross looks fragile. Could re-visit lows near 122.00

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  • The daily upside in EUR/JPY appears so far limited by the 10-day SMA in the 122.80 region.
  • In the meantime, the cross continues to navigate the lower end of the recent range, unable to gather enough convincing traction to re-test 123.00 the figure and beyond, where emerges last week’s peaks.
  • In the broader picture, a test of multi-month lows in the 122.00 neighbourhood remains well on the cards while below the resistance line at 125.67.

EUR/JPY daily chart

 

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