Home EUR/JPY Technical Analysis: Upside momentum gathers traction beyond the 125.00 handle

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EUR/JPY Technical Analysis: Upside momentum gathers traction beyond the 125.00 handle

FX Street

Published date: 3 Apr. 2019 | 09:47

EUR/JPY has left behind yesterday’s negative day and has now retaken the critical barrier at 125.00 the figure and keeps pushing higher.
That said, the cross is now flirting with the 21-day and 55-day SMAs in the 125.25/30 band ahead of the more relevant 100-day SMA at 126.08.
In order to confirm the upside, the cross needs to clear the key short-term resistance line, today at 126.39, to alleviate downside pressure.

EUR/JPY daily chart

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