EUR/JPY extends the upside momentum beyond 129.00. Immediately to the upside emerges the YTD high near 130.00. EUR/JPY’s weekly recovery stays well and sound for yet another session and manage to surpass the key barrier at 129.00 the figure. If bulls remain in control, then the next target should emerge at the 2021 highs just below 130.00 (February 25). Further north of this area comes in 130.14 (November 7 2018) ahead of the summer 2018 high at 131.98 (July 17). Reinforcing the idea of extra gains, EUR/JPY keeps trading above the immediate support line (off November 19 2020 low) near 127.00, where also converges the 50-day SMA. Looking at the broader picture, while above the 200-day SMA at 124.46 the outlook for the cross should remain constructive. EUR/JPY daily chart  FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CHF breaks above the key 0.9195/9208 resistance area, next stop at 0.9296/9330 – Credit Suisse FX Street 1 year EUR/JPY extends the upside momentum beyond 129.00. Immediately to the upside emerges the YTD high near 130.00. EUR/JPY's weekly recovery stays well and sound for yet another session and manage to surpass the key barrier at 129.00 the figure. If bulls remain in control, then the next target should emerge at the 2021 highs just below 130.00 (February 25). Further north of this area comes in 130.14 (November 7 2018) ahead of the summer 2018 high at 131.98 (July 17). Reinforcing the idea of extra gains, EUR/JPY keeps trading above the immediate support line (off November 19 2020 low) near… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
