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11 Feb 2020

EUR/JPY Price Analysis: Stays bearish below the 200-day SMA

  • EUR/JPY came under further pressure and printed 2020 lows.
  • While capped by the 200-day SMA at 120.52, extra losses are likely.

EUR/JPY is showing some signs of life after hitting fresh 2020 lows in the 119.70/65 band at the beginning of the week.

The bearish stance remains well in place as long as the 200-day SMA, today at 120.52, caps the upside.

Against this backdrop, a move to the November low at 119.25 in the near-term should not be ruled out.

EUR/JPY daily chart

 

Feb 11, 2020

Mexico Industrial Output (MoM) registered at -0.3% above expectations (-1.5%) in December

Mexico Industrial Output (MoM) registered at -0.3% above expectations (-1.5%) in December
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Feb 11, 2020

GBP/USD: A test of 1.2800 appears on the cards – UOB

In opinion of FX Strategists at UOB Group, Cable could recede further and re-visit the 1.2800 zone in the short-term horizon. Key Quotes 24-hour view:
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