- The cross left behind the critical resistance area at 130.24/45, coincident with June peaks, the 100- and 10-day SMA. In addition, the 10-day SMA is threatening to break above the 100-day SMA. The cross has now the 200-day SMA in the crosshairs, today at 131.94
- Adding to the bullish side, EUR/JPY is prolonging the trade above the daily cloud, which it managed to clear for the first time since early 2018.
- In case of a test and subsequent breakout of the 200-day SMA, April’s tops in the mid-133.00s should emerge in the horizon.
EUR/JPY daily chart
Daily high: 131.71
Daily low: 131.05