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  • EUR/JPY adds to recent gains and re-visits 130.00.
  • Next on the upside comes in the 2021 high at 130.66.

EUR/JPY trades in weekly tops and finally retakes the key resistance around the 130.00 yardstick.

The recovery still looks healthy and a daily close above 130.00 should pave the wave for a potential move to the more relevant 2021 high at 130.66 (March 18). While above the short-term support line in the 128.20 zon, extra gains remain well on the table. This area of contention coincides with the 50-day SMA.

In the meantime, while above the 200-day SMA at 125.31 the broader outlook for the cross should remain constructive.

EUR/JPY daily chart