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Euro / Japanese Yen
Short

Next on the downside comes 158.90

45
EURJPY extends the decline below the 162.00 support at the beginning of the week.

Further downside appears well on the cards for the cross in the short-term horizon. That said, losses could then accelerate to the provisional 55-day SMA at 158.87 ahead of the interim 100-day SMA at 158.02.

So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 152.79.
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Chart PatternsEURJPYeurjpyanalysiseurjpyshorteurjpysignaleurjpytradeTrend Analysis

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Chart PatternsEURJPYeurjpyanalysiseurjpyshorteurjpysignaleurjpytradeTrend Analysis
tradingconmike
🟢Free Signals:
t.me/forextradingfusion

🔴Contact:
t.me/tradingconmike1
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.