13 Nov 2015
EUR/JPY Death Cross considerations
The EUR/JPY primary bearish trend is technically reaffirmed by a cross of the 50-day SMA below the 200-day SMA.
Taking in consideration that the current price is not too far from the crossing level, long-term sellers may express interest at the crossover level which should ideally contain any corrective throwbacks.
A break of the all-important 200-day SMA would be seen as an offsetting confirmation that the trend has changed direction.
Taking in consideration that the current price is not too far from the crossing level, long-term sellers may express interest at the crossover level which should ideally contain any corrective throwbacks.
A break of the all-important 200-day SMA would be seen as an offsetting confirmation that the trend has changed direction.