- EUR / JPY extends the bounce well above 132.00.
- The next hurdle on the bullish side comes at 133.00, and then the current year’s highs.
The EUR/JPY it prolongs the weekly rebound and resumes on Wednesday the 132.00 and much more.
The recovery looks healthy and could now retest the 133.00 level on the short-term horizon. In case of exceeding that level, there are no significant obstacles until the 2021 highs of 134.12 recorded on June 1.
In the bigger picture, as long as EUR / JPY remains above the 200-day SMA at 127.68, the overall outlook for the cross should remain constructive.
EUR / JPY day chart
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