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Trading news
9 Jan 2020
EUR/JPY Technical Analysis: Target is now at the 122.00 neighbourhood
- EUR/JPY reclaims the 121.00 handle and beyond.
- The cross surpassed the 200-day SMA and goes for more.
The better mood in the riskier assets and the increased selling bias in the Japanese safe haven have encouraged EUR/JPY to resume the upside and retake the key barrier at 121.00 the figure on Thursday.
That said, immediately above aligns the late December tops in the 122.50/65 band ahead of July’s top in the 123.30 region.
So far, while above the key 200-day SMA just above the 121.00 mark the positive outlook on the cross should remain unaltered.
EUR/JPY daily chart
