EUR/JPY Technical Analysis: The cross targets 2019 highs in the mid-127.00s

FX Street

Published date: 15 Apr. 2019 | 09:57

The cross is extending the recent breakout of the key short-term resistance line in the 126.00 neighbourhood, opening the door at the same time for further upside.
Extra gains now target the 127.00 barrier and beyond, where is located the 2019 high.
A surpass of this area of resistance should pave the way for a visit to the critical 200-day SMA at 127.65.

EUR/JPY daily chart

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