- EUR / JPY is under pressure and is pulling back below 127.00.
- The 2021 highs in the 127.50 zone emerge as the next hurdle.
Following Friday’s bullish move to levels above 127.00, the EUR/JPY has started the week with an offered bias.
No change at the top, where the 2021 highs around 127.50 remain the next significant hurdle. If this area clears, then there are no noticeable barriers until the November 2018 highs in the 130.10 / 15 band.
Looking at the bigger picture, while above the 200 SMA at 123.17, the outlook for the crossover should remain constructive.
Daily chart
Technical levels
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