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FXMAG COM>Articles>Forex>The Euro To Japanese...
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The Euro To Japanese Pair (EUR/JPY) Accelerates Its Losses

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Table of contents

  1. EUR/JPY daily chart
    • EUR/JPY extends the bearish move to the sub-141.00 region.
    • Further downside could revisit the 139.80/50 band in the near term.

    EUR/JPY accelerates its losses and breaks below the 141.00 region to print new 2-week lows on Monday.

    The continuation of the decline would likely leave the recent peaks in the 144.00 neighbourhood as short-term tops. In case the downside accelerates, there is an interim support at the 139.80/50 band, where the 100- and 55-day SMAs converge.

    In the meantime, while above the key 200-day SMA at 136.20, the constructive outlook for the cross should remain unchanged.

    EUR/JPY daily chart

    the euro to japanese pair eur jpy accelerates its losses grafika numer 1 ✕the euro to japanese pair eur jpy accelerates its losses grafika numer 1

     
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