EUR/JPY Technical Analysis: a move to the 100-day SMA at 119.55 is on the cards

EUR/JPY is prolonging the weekly leg lower and is now flirting with the key contention area in the 120.00 neighbourhood.
The continuation of the selling bias could see the key 100-day SMA at 119.55 re-tested in the short-term horizon ahead of the 55-day SMA at 119.13.
On the flip side, the upside bias appears limited by recent peaks in the 121.50 region.

EUR/JPY daily chart

Nov 13, 2019

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