EUR/JPY is prolonging the weekly sideline theme just under the 118.50 region.
Immediately to the upper side emerges the 21-day SMA at 118.86 earlier than last week’s crack close to 119.90.
Looking at the broader image, whereas below the 55-day SMA at a hundred and twenty.64 and also the multi-month resistance line at a hundred and twenty.79, the pessimistic read is anticipated to stay unchanged.
EUR/JPY daily chart
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