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- EUR/JPY Price Analysis: Next on the downside comes the 200-day SMA
EUR/JPY Price Analysis: Next on the downside comes the 200-day SMA
- EUR/JPY remains on the defensive and breaches 136.00.
- Further decline could see the 200-day SMA retested.
EUR/JPY adds to to Friday’s pullback and breaks below the 136.00 yardstick on Monday.
In case bears push harder, then the cross could attempt another visit to the key 200-day SMA at 133.92 prior to the August low at 133.39 (August 2).
While above the 200-day SMA, the prospects for the pair should remain constructive.
EUR/JPY daily chart
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