- EUR/JPY continues to fall and challenges the key 200-day moving average.
- Below the latter, the cross could risk a deeper pullback.
EUR/JPY extends bearish move below 134.00 on Tuesday.
Meanwhile, price action on the cross remains entrenched in negative territory, losing ground for the fourth session in a row so far.
A break below the 200-day simple moving average, today at 133.69, could accelerate losses and turn the outlook to negative.
Immediately to the downside is the May low at 132.65 (May 12).
EUR/JPY day chart
Source: Fx Street
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