EUR/JPY Death Cross considerations

The EUR/JPY primary bearish trend is technically reaffirmed by a cross of the 50-day SMA below the 200-day SMA.

Taking in consideration that the current price is not too far from the crossing level, long-term sellers may express interest at the crossover level which should ideally contain any corrective throwbacks.

A break of the all-important 200-day SMA would be seen as an offsetting confirmation that the trend has changed direction.