- EUR / JPY extends the upside to the 130.80 region.
- On the upside, the current year’s maximum appears close to 131.00.
EUR / JPY adds to the recent rally and is slowly approaching the key 131.00 zone.
The current price action suggests that further consolidation is still in play in the near term, although a potential breakout to the upside appears to have gained additional traction lately. That said, the 2021 highs just below 131.00 appear next on the scene, ahead of the 2018 highs at 131.98.
In a broad perspective, as long as it is above the 200 SMA at 126.13, the outlook for the crossover should remain constructive.
EUR / JPY day chart
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