EUR/JPY Price Analysis: The resumption of the decline could test 118.00 (and below)

EUR/JPY loses the grip further and drops to new YTD lows around 118.70.
The negative view remains unchanged while below the 200-day SMA.

EUR/JPY faded Monday’s advance and it has resumed the downside on Tuesday, printing fresh 2020 lows in the 118.75/70 band.

If the selling bias gathers extra impetus, then the October 2019 low just above 117.00 the figure should return to the investors’ radar.

Below the key 200-day SMA, today at 120.42, the outlook on the cross is expected to remain bearish.

EUR/JPY daily chart

Feb 18, 2020

US Dollar Index Price Analysis: Rally looks overbought near 99.30

DXY keeps pushing higher in the first half of the week and is already trading at shouting distance from the next target at 99.37. The current overboug

EUR/GBP: Rallies seen faltering around 0.8380 – Commerzbank

Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, noted that occasional bullish attempts in the European cross could run out of