- EUR / JPY tests the 2019 high at the 127.50 zone.
- Higher up is the December 2018 high at 129.25.
EUR / JPY gave up some of the recent gains after hitting yearly highs in the 127.50 area on Thursday. This level coincides with the maximum of 2019 (March 1).
If the bullish momentum gains more pace, then there is no relevant hurdle until the December 2018 high at 129.25. If, on the opposite side, the downward pressures return the containment region emerges in the neighborhood of 126.00, the lower bound of the recent consolidation.
Looking from a broader perspective, as long as it remains above the 200 SMA at 122.48, the outlook for the crossover should remain constructive.
EUR / JPY day chart
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