- EUR / JPY pushes higher and hits yearly highs near 128.00.
- The next hurdle to highlight is in the 129.30 region.
EUR / JPY extends the rally and records new 2021 highs in the region just below the 128.00 level on Monday.
If the buying momentum picks up, then the next prominent resistance should appear at the highs zone of November 29 and December 13, 2018, at 129.30, before the psychological level of 130.00, followed by the November monthly highs of 2018 at 130.14.
Prospects for a further rise in the short term remain as long as EUR / JPY remains above the immediate support line near 126.30.
Looking at the bigger picture, as long as EUR / JPY remains above the 200 day SMA today at 123.71, the outlook should remain constructive.
EUR / JPY daily chart
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