EUR/JPY Technical Analysis: Interim support emerged at 121.60

The le lower in EUR/JPY appears so far to have met decent support in the 121.60 region, coincident with today’s and Friday’s low.
A breach of this area of contention should expose recent lows in the 120.80/75 band ahead of 2019 lows in sub-119.00 levels (‘flash crash’ in early January).
On the broader outlook, the bearish bias on the cross remains intact below the multi-month resistance line, today at 124.98.

EUR/JPY daily chart

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