- EUR / JPY records new 2021 highs above 128.00 on Tuesday.
- Higher up appears psychological resistance at 130.00.
The EUR / JPY cross extends the move higher and records new yearly highs near 128.30 on Tuesday.
If the buying momentum picks up, then the next prominent resistance should emerge at the 129.30 zone (November 29-December 13, 2018 highs) before targeting the psychological hurdle at 130.00. Above are the monthly highs for November 2018 at 130.14.
Reinforcing the idea of ​​a further rise, the EUR / JPY continues to move above the immediate support line (from the low of November 19, 2020) near 126.30.
Looking at the bigger picture, as long as it remains above the 200 SMA today at 123.77, the outlook for EUR / JPY should remain constructive.
EUR / JPY daily chart
EUR / JPY technical levels
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