- EUR/JPY continues its march north unabated so far this week, trading closer to the key resistance line off 2018 peaks seen in early February in the mid-137.00s.
- The cross has broken above the psychological 130.00 the figure today, hovering over the 23.6% Fibo retracement of the May-July up move near 130.30, coincident with June’s tops.
- Further upside is thus expected to re-visit the 200-day SMA at 131.34, considered the last defence of July’s peaks just above the 132.00 handle.
EUR/JPY daily chart
Daily high: 130.29
Daily low: 129.63
Support Levels
S1: 129.06
S2: 128.40
S3: 128.00
Resistance Levels
R1: 130.12
R2: 130.52
R3: 131.18
Share
