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- EUR/JPY sees its rebound halted after a retest at 142.00.
- More rises would shift the focus to the 143.00 area.
EUR/JPY gives back some of the strong advance of the past two days and returns to negative territory on Tuesday.
A sustainable break of the 200-day SMA at 140.77 today should shift the outlook to a more constructive one and open the door for a probable visit to the key resistance zone near 143.00 on the near-term horizon. (highs of December 28 and January 11).
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To the downside, the 138.00 region still shapes up as a decent containment zone at the moment.
EUR/JPY day chart
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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.
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