- The sideways EUR/JPY operates at lows of 161.50.
- Additional losses should face provisional support near 159.60.
He EUR/JPY alternates up and down around 161.30 on Friday, extending the consolidation mood at the lower end of the recent range.
Continuation of the bearish bias could lead the cross to break below the round level of 160.00 and revisit the 55-day SMA at 159.58.
For now, the long-term positive outlook for the cross seems favored as long as it remains above the 200-day SMA at 153.64.
EUR/JPY Daily Chart
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
