EUR/JPY Technical Analysis: Attention still stays on the 122.00 region near term
|- EUR/JPY is looking to extend the sideline theme in the lower bound of the recent range below 123.00 the figure.
- Occasional bullish attempts should meet interim resistance at 123.94, where sits the 21-day SMA ahead of the 124.90 area, where coincide the 100-day and 55-day SMAs.
- In the meantime, a visit to recent lows near the 122.00 handle remains well in place in the near term as long as the cross navigates below the critical multi-month resistance line, today at 125.87.
EUR/JPY daily chart
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