- The cross has managed to rebound from the 3-month support line in the 129.40 region on Wednesday and is now looking to extend the bounce and break once again the 130.00 barrier on a more sustainable fashion.
- While this support area underpins, another test of the 200-day SMA around 132.00 the figure remains well on the cards.
- In the same line, the positive outlook is reinforced by the cross still trading above the daily cloud.
EUR/JPY daily chart
Daily high: 130.29
Daily low: 129.65
Support Levels
S1: 129.62
S2: 129.08
S3: 128.74
Resistance Levels
R1: 130.49
R2: 130.83
R3: 131.37
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