- EUR / JPY finds support in the 128.30 region on Monday.
- On the upside, the annual maximum arises near 130.00.
The EUR/JPY It struggles for the direction at 128.50 after the sharp setback on Friday.
If the bulls regain control of sentiment, then the next target will emerge at the 20121 highs just below 130.00 (Feb 25). Above 130.00 it is at 130.14 (Nov 7, 2018) ahead of 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 Nov 19, 2020) near 126.80, where it also coincides with the 50-day SMA.
Looking at the bigger picture, while above the 200 day SMA at 124.29, the outlook for the crossover should remain constructive.
Daily chart
Technical levels
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