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EUR/JPY Price Analysis: Facing strong buying pressure around 127.50-80, as bull’s eye 128.50

FXStreet.com
 2021-12-07

Cover picture for the articleDespite a risk-on market mood, the shared currency losses ground against the safe-haven Japanese yen. The EUR/JPY faced strong resistance at 128.50, retreated around the S1 daily pivot at 127.66. EUR/JPY Price Forecast: Despite retreating, it seems poised to the upside, as the 50-hour SMA is about to cross...

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