4 Jul 2019
EUR/JPY Technical Analysis: Downside seen testing the 121.00 neighbourhood
- EUR/JPY keeps navigating the lower end of the weekly range in sub-122.00 levels, where it is now looking for some consolidation.
- Extra losses remain well on the cards and could see the 120.95 level (June 21 low) retested ahead of 120.78 (May lows).
- Looking at the broader picture, the offered stance on EUR/JPY remains unchanged below the short-term resistance line, today at 123.13.
