- EUR / JPY bullish momentum falters once again near 126.50.
- Higher up are the 2021 highs in the 127.50 zone.
The EUR / JPY cross returns some of Friday’s gains and finds support near the 126.00 region so far.
If buying pressure morphs into a serious recovery, then further gains at the yearly highs around 127.50 should be a target again in the near term once resistance at 126.50 is broken.
Looking at the bigger picture, as long as EUR / JPY remains above the 200 SMA at 122.93, the outlook should remain constructive.
EUR / JPY daily chart
EUR / JPY technical levels
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