- EUR/JPY accelerates losses and falls below 144.00.
- There is tentative support at the 100-day SMA just above 143.00.
He USD/JPY It moderates Wednesday’s small advance and falls to fresh multi-day lows below the 144.00 level on Thursday.
Although continuation of sideways trading seems likely at the moment, the cross could experience bouts of selling pressure and face the interim 100-day SMA at 143.09. Loss of this last level could trigger a deeper move towards the weekly low of 142.14 (Feb 24).
Meanwhile, as long as it holds above the 200-day SMA, today at 141.75, the outlook for the cross is expected to remain positive.
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.
