- EUR/JPY falls for the third consecutive session on Monday.
- There are minor support levels at 134.98 and 133.92.
EUR/JPY starts the week on the defensive and approaches the key 135.00 zone, three-month lows.
The cross entered the third consecutive week with losses and remains vulnerable to further decline in the short term. A deeper pullback should test minor support levels at 134.98 (low May 25) ahead of 133.92 (low May 19). Should it break down, a visit to the critical 200 SMA today at 133.68 should start to loom on the horizon.
It should be noted that as long as it is above the latter, the cross is expected to maintain its constructive stance.
EUR/JPY day chart
Source: Fx Street
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