- EUR/JPY keeps trading on a positive note on Wednesday, extending the rally beyond 131.00 the figure and at the same time re-taking the key 200-day SMA.
- The continuation of the bull run should allow for a test of July’s top just beyond the 132.00 milestone ahead of April’s high in the mid-133.00s.
- In addition, the cross remains constructive as long as the short-term support line, today at 129.03, holds.
EUR/JPY daily chart
Daily high: 131.70
Daily low: 130.91
Support Levels
S1: 130.42
S2: 129.75
S3: 129.21
Resistance Levels
R1: 131.64
R2: 132.18
R3: 132.85
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