EUR/JPY Technical Analysis: Rising odds for a test of 119.50, the 55-day SMA

EUR/JPY Overview Today last price 118.95 Today Daily Change 47 Today Daily Change % 0.19 Today daily open 118.72 Trends Daily SMA20 117.74 Daily SMA5  |  12/09/2019 08:40
  • EUR/JPY is extending the weekly recovery and it has managed to regain the key 119.00 neighbourhood, clinching at the same time fresh 4-week tops.
  • Immediately to the upside emerges the key 55-day SMA at 119.52 ahead of later August peak at 119.58.
  • The downside pressure is expected to ease somewhat on a surpass of the multi-month resistance line, today at 119.95.

EUR/JPY daily chart

 

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