- EUR / JPY manages to bounce off the 130.80 region on Friday.
- The 100-day simple moving average awaits around the 130.40 zone.
The EUR/JPY managed to recover somewhat and bounced from multi-week lows at the 130.80 area.
Continued weakness may lead to a re-visit to the minor support at the 100-day SMA around 130.40 before the 130.00 psychological barrier. Further down, although not favored for the moment, appear the April lows in the 129.60 area.
In the bigger picture, as long as the cross remains above the 200-day SMA at 127.58, the outlook will remain constructive.
EUR / JPY day chart
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