- The EUR / JP rise reaches the 129.85 zone on Thursday.
- Then, to the upside, the 2021 highs emerge near 130.00.
EUR / JPY rises for the third consecutive session and consolidates the recent break of the 129.00 barrier.
The bullish tone continues to dominate for the moment and points to the 2021 highs just below 130.00 (Feb 25). Above this area is 130.14 (November 7, 2018 high) before the 2018 summer high at 131.98 (July 17).
Reinforcing the idea of ​​more raises, the EUR / JPY continues to trade above the immediate support line (from the low of November 19, 2020) at the 127.20 area, where the 50-day simple moving average also converges.
As long as EUR / JPY remains above the 200 day SMA at 124.70, the overall outlook for the cross should remain bullish.
EUR / JPY day chart
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