- EUR / JPY is approaching the key barrier of 125.00 on Tuesday.
- In case of leaving this level behind, the next target is 127.00.
The EUR / JPY left behind Monday’s negative tone and resumed its rise towards the key 125.00 zone.
If this major hurdle is overcome in the short term, then there are no relevant resistance levels until the 2020 peaks at the 127.00 area (September 1 high).
Looking from a broader perspective, as long as it is above the 200-day SMA at 121.53, the outlook should remain bullish. The October low of around 121.60 also reinforces this buffer zone.
EUR / JPY day chart
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