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

EUR/JPY daily chart EUR/JPY Overview Today last price 121.26 Today Daily Change 22 Today Daily Change % -0.07 Today daily open 121.34 Trends Daily SMA  |  17/07/2019 08:21
  • 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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