- EUR / JPY remains very firm and is approaching the 130.00 level.
- Above 130.00 it is at the November 2018 high at 130.14.
The EUR / JPY cross extends the current bullish momentum and is approaching the psychological hurdle of 130.00.
A move above the 130.00 level should put 130.14 (7 Nov 2018 high) back on the radar before targeting the summer 2018 high of 131.98 (Jul 17).
Reinforcing the idea of further rises, the EUR / JPY continues to move above the immediate support line (from the low of November 19, 2020) near 126.65. This zone is reinforced by the 55-day SMA.
Looking at the broader outlook, as long as EUR / JPY remains above the 200 SMA today at 124.19, the outlook for should remain constructive.
EUR / JPY daily chart
EUR / JPY technical levels
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