EUR/JPY Technical Analysis: The cross stays well supported near 120.80
|- EUR/JPY is extending the positive start of the week and is now once again flirting with the key 121.00 mark.
- In the meantime, strong support continues to hold the downside in the 120.80/75 band.
- If this area of contention is breached, there are no relevant levels until 2019 lows in the sub-119.00 zone recorded in early January.
- Below the 55-day SMA at 122.08 the negative outlook is expected to persist for the time being.
EUR/JPY daily chart
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