- EUR/JPY is extending the weekly recovery and has now retaken the critical 129.00 the figure and above, allowing a continuation of the rally with immediate target at the 200-day SMA, today at 131.36.
- However, the psychological 130.00 handle is poised to offer interim resistance, while the base of the daily cloud around that level also reinforces this up barrier.
- If cleared on a convincing fashion, July tops just beyond 132.00 the figure should come to the fore.
EUR/JPY daily chart
Daily high: 129.25
Daily low: 128.36
Support Levels
S1: 127.98
S2: 127.52
S3: 127.11
Resistance Levels
R1: 128.85
R2: 129.25
R3: 129.71
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