- EUR / JPY maintains the unfinished range above the 130.00 level.
- The 2021 highs in the region of 130.65 / 70 emerge as the next hurdle.
EUR / JPY remains above the key barrier of 130.00 at the end of the week.
The recovery looks healthy and after recovering the intermediate level of 130.00, the cross could now attempt a move from the 2021 high of 130.66 reached on March 18. As long as it is above the short-term support line at the 128.30 region, additional gains remain on the table. This area of ​​contention coincides with the 50-day SMA.
A break below that level should ease the upward pressure and allow the downtrend to continue, at least in the short term.
As long as EUR / JPY is above the 200 SMA today at 125.36, the broader outlook should remain constructive.
EUR / JPY daily chart
EUR / JPY technical levels
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