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  • The cross has reversed yesterday’s negative session and is now looking consolidative in the low-125.00s.
  • Immediately to the upside emerges the 125.43/50 band, where coincide 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.
  • EUR/JPY is posed to remain under pressure as longs as the multi-month resistance line, today ay 126.38, caps the upside.

EUR/JPY daily chart