- The EUR / JPY has moved into consolidation mode for the time being.
- The 125.00 zone continues to limit the rise in the short term.
EUR / JPY extends range movement after Monday’s strong gains to the area just above the 125.00 level.
Meanwhile, October lows in the 121.60 zone appear to support potential downside moves, while monthly highs near 125.00 limit occasional bullish attempts.
As long as the EUR / JPY remains above the 200 day SMA today at 121.24, the positive bias is expected to remain unchanged.
EUR / JPY daily chart
Credits: Forex Street
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