- EUR / JPY extends the move above the 129.50 level on Friday.
- Higher up are the 2021 highs near 130.00.
The EUR / JPY cross maintains its upward movement for another day and advances to the zone of weekly highs, in the region of 129.50 / 60, during the European session on Friday.
As the bulls stay in control, the next target to highlight is at the 2021 highs just below 130.00 (Feb 25). Above this area is 130.14 (Nov 7, 2018) before the 2018 summer high at 131.98 (Jul 17).
Reinforcing the idea of ​​additional gains, the EUR / JPY continues to trade above the immediate support line (from the low of November 19, 2020) near 127.00, where the 50-day SMA also converges.
Looking at the bigger picture, while above the 200 day SMA at 124.52, the outlook for the crossover should remain constructive.
EUR / JPY daily chart
EUR / JPY technical levels
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