EUR/JPY Technical Analysis: Upside faltered just above the 123.00 handle

12 Jun 2019

  • EUR/JPY failed to sustain the breakout of 123.00 the figure on Tuesday and has come under some selling pressure today on the back of rising demand for the safe haven JPY.
  • The cross now needs to clear Tuesday’s top at 123.17 to allow for a visit to late March peaks in the 123.70/75.
  • In the meantime, the bearish view on the cross remains intact while below the multi-month resistance line, today at 125.13.

EUR/JPY daily chart

 

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