EUR/JPY Technical Analysis: Rising odds for a test of 121.00 and beyond

FX Street

Updated: 17 Oct. 2019 | 11:12

The rally in EUR/JPY remains well in place so far, tracking the solid performance of the European currency and the persistent offered bias in the Japanese safe haven.
The cross quickly left behind the 120.00 neighbourhood and it has now shifted its attention to the 121.00 area and above.
Further up emerges late July peak near 121.40 ahead of the critical 200-day SMA at 122.28.

EUR/JPY daily chart

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