2 months ago 1 min read

Analysis of the EUR/JPY Price

eur/jpy - price analysis

Above 139.00, the EUR/JPY tries to gain some upward momentum.
The 200-day SMA then emerges on the cross's upside.
At the start of the week, EUR/JPY regains the 139.00 barrier and beyond after gaining some much-needed momentum.
There seems to have been considerable disagreement over the recent sharp adjustment in the cross in the 138.00 area. The important 200-day SMA, which is currently at 140.68, becomes the next target to watch if the rebound starts up a more steady pace.
Over the later, the selling bias is anticipated to lessen and might cause the outlook to change for the better.
Analysis of the EUR/JPY price: Pressure on the downside eased above the 200-day SMA

EUR/JPY daily chart

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