others
Extra losses now appear likely – Crypto News
- EUR/JPY adds to Thursday’s strong pullback and breaches 140.00.
- The loss of the 200-day SMA opens the door to additional declines.
EUR/JPY Extends the weekly leg lower and drops to multi-session lows just below the 139.00 mark on Friday.
The acute correction forces the cross to break below the key 200-day SMA (140.67) and paves the way for a deeper retracement in the short term. Against that, EUR/JPY could revisit the so far YTD low at 137.38 (January 3), which also coincides with the September 2022 low.
The outlook for EUR/JPY should remain negative while below the 200-day SMA.
EUR/JPY daily chart
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