- EUR / JPY continues to trade this week with no clear direction.
- A test to the 125.00 zone is not ruled out.
The EUR / JPY is with its erratic movements so far this week, between 125.00 and 126.30.
The rejection of the weekly highs in the 126.20 zone (Tuesday / Wednesday) caused uneven ups and downs so far. However, another visit to recent lows in the vicinity of 125.00 remains within the possibilities if sentiment deteriorates further on the short-term horizon.
On the bigger picture, as long as the cross remains above the 200 SMA at 122.84, the outlook should remain constructive.
EUR / JPY day chart
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