- EUR / JPY advances strongly and retakes the level 127.00.
- The 2021 highs in the 127.50 zone are as follows.
The EUR/JPY extends the weekly recovery and finally manages to regain the 127.00 level and above.
Now it looks like there are more rises, with the next major hurdle at the yearly highs around 127.50. If it clears, then the 130.10 / 15 zone should emerge on the horizon (November 2018 highs).
Looking at the bigger picture, while above the 200-day SMA at 123.12, the outlook for the crossover should remain constructive.
Daily chart
Technical levels
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