- EUR/JPY is extending the correction lower and is now putting the key support at 122.00 the figure to the test.
- The acceleration of the selling impulse carries the potential to drag the cross to recent lows in the 120.80/75 band ahead of YTD lows in sub-119.00 levels (‘flash crash’ in early January).
- Furthermore, the negative view on the cross remains unchanged below the multi-month resistance line, today at 125.09.
EUR/JPY daiy chart
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