EUR/JPY Technical Analysis: Bears on track for a run to 123.40, the mid-January low


  • EUR/JPY stalled through the 50% Fibo of the late Sep highs is now testing the 38.2% Fibo of the 2019 range at the 124 handle with a print of 123.88, breaching the Feb low just above 124 the figure.
  • Bears can target the 123.40 mid-January low ahead of 122.70 and 121.50.
  • On the flip side, the 61.8% Fibo guards territory towards the 200-day ma just below the 128 handle.

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