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EUR/JPY New York Price Forecast: Euro surges to 2-month highs vs. Japanese yen

FX Street
Updated:
  • EUR/JPY is spiking to levels not seen since late March 2020. 
  • The level to beat for bulls is 121.10 resistance.
 

EUR/JPY four-hour chart

 
EUR/JPY is surging to two month-highs as the positive sentiment in the markets remains intact. EUR/JPY is challenging the 121.10 resistance as bulls remain firmly in charge. A continuation of the current move could lead to further strength towards the 121.60 and 122.20 price levels. On the other hand, pullbacks down could find support near the 120.45 and 120.00 levels initially.
  
 
Resistance: 121.10, 121.60, 122.20
Support: 120.45, 120.00, 119.50 
 

Additional key levels

 

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