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2 Oct 2019
EUR/JPY Technical Analysis: The cross is challenging 4-week lows in the mid-117.00s
- EUR/JPY has resumed the downside in the middle of the week as the single currency continues to fade the recent (and ephemeral) bull run, while the mild risk aversion keeps the demand for the Japanese safe haven alive.
- Further downside should see the late August low at 116.556 retested ahead of the 2019 low at 115.86 recorded on September 3rd.
- On the broader view, while the 3-month resistance line at 119.25 caps the upside, the bearish view remains intact.
EUR/JPY daily chart
