Home EUR/JPY Technical Analysis: The cross trades on a firm note and targets the resistance line at 118.86

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EUR/JPY Technical Analysis: The cross trades on a firm note and targets the resistance line at 118.86

FX Street

Updated: 10 Oct. 2019 | 10:32

EUR/JPY is picking up further pace on Thursday, navigating in multi-day highs and flirting with the 21-day and 55-day SMAs around 118.30.
Immediately to the upside emerges the short-term resistance line at 118.86. Below this area the bearish view is expected to persist.
If this area is cleared, then the cross could attempt a visit to the 100-day SMA at 119.89 and September’s high in the 120.00 neighbourhood.

EUR/JPY daily chart

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