EUR/JPY Technical Analysis: The cross stays well supported near 120.80

FX Street

Updated: 23 Jul. 2019 | 09:47

EUR/JPY is extending the positive start of the week and is now once again flirting with the key 121.00 mark.
In the meantime, strong support continues to hold the downside in the 120.80/75 band.
If this area of contention is breached, there are no relevant levels until 2019 lows in the sub-119.00 zone recorded in early January.
Below the 55-day SMA at 122.08 the negative outlook is expected to persist for the time being.

EUR/JPY daily chart

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