EUR/JPY Technical Analysis: Further downside could re-test the 55-day SMA at 125.26

• The leg lower in EUR/JPY remains well and sound for yet another session and is now flirting with the 126.00 handle.
• If the selling impulse accelerates, the 55-day SMA at 125.26 is expected to return to the horizon as the next relevant support.
• In the meantime, while above the short-term support line at 124.48, the constructive stance on the cross should remain unchanged for the time being.

EUR/JPY daily chart