EUR/JPY Technical Analysis: Next target at the 55-day SMA near 119.70
|- EUR/JPY has resumed the upside following Friday’s corrective pullback.
- Further upside is expected to reach last week’s top at 118.61 (Thursday) ahead of 119.58 (August 13 high).
- The cross should move above the 55-day SMA at 119.70 and the resistance line at 120.00 to alleviate near term downside pressure.
EUR/JPY daily chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.