- EUR / JPY extended the weekly decline after breaking below 125.80 / 126.00,
- The 55-day simple moving average emerges lower at 125.12.
EUR / JPY extends the downtrend below 126.00 on Friday, losing ground for the sixth consecutive session.
The continuation of the sell bias should expose a potential test to the 125.00 zone in the short term, where the 55-day moving average (125.12) and the October / November highs coincide.
From a broader perspective, as long as it remains above the 200-day SMA at 122.69, the bias will continue to be bullish.
EUR / JPY day chart
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