EUR/JPY chart - Trading View
EUR/JPY trades 0.30% lower on the day at 119.83 at around 11:45 GMT after closing 0.16% lower in the previous session.
The pair has broken below 21-EMA, momentum remains bearish, scope for further weakness.
Brexit headlines might gain major attention ahead of Monday’s talks. UK's Chief Negotiator David Frost again criticized the European push during Thursday.
Technical studies support downside. Major trend is neutral, while minor trend has turned bearish.
Bears target 200-DMA at 119.55. Violation at 200-DMA will open downside. Failure to close below 21-EMA to see further consolidation.
Major Support - 119.55 (200-DMA)
Major Resistance - 120.23 (21-EMA)
