- EUR / JPY loses even more ground to the 133.30 area.
- Then, to the downside, the 132.50 area appears.
- EUR / JPY falls to fresh multi-day lows in the 133.30 region at the end of the week.
If selling pressure picks up, then the cross could attempt a deeper pullback to initially weekly lows near 132.50 (May 24). Further south is the 131.50 region, where the 50-day SMA and the short-term support line coincide. However, a change to the latter is still a favor for now.
On the bigger picture, while above the 200-day SMA at 127.23, the broader outlook for the crossover should remain constructive.
Daily chart
Technical levels
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