- EUR / JPY manages to climb back to the 130.00 region.
- The 2021 highs near 130.70 appear as the next target on the upside.
The EUR / JPY cross extends Tuesday’s gains and flirts with the key barrier at the round level of 130.00 on Wednesday.
The recovery appears firm and initially targets the intermediate hurdle at the 130.00 level, followed by the 2021 high at 130.66 (March 18). As long as it is above the short-term support line near 128.10, additional gains remain on the table. This area of ​​contention coincides with the 50-day SMA.
On the broader view, as long as EUR / JPY remains above the 200 SMA at 125.26, the outlook should remain constructive.
EUR / JPY technical levels
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