CFD News

EUR/JPY Price Analysis: Downside has further legs to go

100 dollar bills and credit cards on a laptop keypad

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.

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