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Noticias de trading
13 Mar 2020
EUR/JPY Price Analysis: Rebound now targets the 200-day SMA
- EUR/JPY’s recovery is picking up extra pace on Friday.
- Immediately to the upside emerges the 200-day SMA at 1201.5.
Increasing selling pressure in the Japanese currency is lifting EUR/JPY to the vicinity of the 119.00 mark at the end of the week.
That said, the next target to the upside aligns at the 200-day SMA, today at 120.15 ahead of February’s peak in the 121.50 region.
Above the 200-day SMA, the downside pressure is expected to alleviate and allow for the continuation of the move up.
EUR/JPY daily chart
