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  • EUR/JPY is extending the rebound from the 124.00 area, already reclaiming the 125.00 handle and setting sails for higher ground.
  • The next stop on the march north is located in the mid-125.00s, where sit the 100-, 21- and 55-day SMAs. When and if cleared, late-April tops around 126.00 should come next ahead of monthly tops in the 126.90 region.
  • In the meantime, EUR/JPY stays under pressure while below the multi-month resistance line, today ay 126.43.

EUR/JPY daily chart