EUR/JPY extending scope of projections

EUR/JPY has just crossed below the 200 SMA on an hourly chart.

For traders inclined to nibble on short trades, the cooling EUR/JPY price now eyes the 800 SMA, which corresponds to the reading of the 200 SMA on 4H charts. The last such price-indicator cross has occurred at least over a week ago on this time frame, accentuating its significance.