others
Weakness expected to persist below the 200-day SMA – Crypto News
- EUR/JPY picks up some upside traction and regains 138.00.
- The immediate target appears at the 200-day SMA (140.45).
EUR/JPY manages to leave behind four consecutive daily drops and reclaims the area beyond the 138.00 figure on Wednesday.
Despite the daily bounce, the cross still trades under pressure and the door remains open to another possible visit to recent lows in the 137.40/35 band (January 3).
The outlook for EUR/JPY is expected to remain negative while below the 200-day SMA, today at 140.45.
EUR/JPY daily chart
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