EUR/JPY intensifies the each day pullback and re-visits the mid-128.00s for the first time on the grounds that mid-December.
Price motion in the move now looks to favour an more decline in the momentary horizon, in particular after EUR/JPY was once unable to retest/surpass the YTD peaks in the 131.50/60 location (January 5). That said, the subsequent assist of relevance now emerges at the December low at 127.83 (December 3).
While under the 200-day SMA, nowadays at 130.52, the outlook for the go is predicted to continue to be negative.
