EUR/JPY Price Analysis: Solid resistance turns up around 143.00
|- EUR/JPY gives away part of the recent strong rebound to the 143.00 area.
- Losses could gather traction on a breach of the 200-day SMA.
EUR/JPY leaves behind two consecutive sessions with gains and comes under pressure after another failed attempt to break above the 143.00 region.
In the meantime, the 143.00 area remains a tough barrier for bulls. This key resistance zone appears reinforced by the 100-day SMA, today at 142.91
If the cross breaches the 200-day SMA at 140.99, the outlook is expected to shift to bearish.
EUR/JPY daily chart
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