- EUR / JPY finally tests the 125.00 zone on Monday.
- If it exceeds 125.00, the next target is at 127.00.
EUR / JPY joins Friday’s gains and is flirting with the 125.00 region, although it lost some for the moment after the first close.
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 zone (September 1 high).
Looking from a broader perspective, as long as it trades above the 200 SMA at 121.50, the outlook should remain constructive. The October low around 121.60 also reinforces this key containment zone.
EUR / JPY day chart
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
