EUR/JPY Technical Analysis: The rally now targets the 100-day SMA at 119.86

FX Street

Updated: 11 Oct. 2019 | 11:42

The recovery in EUR/JPY is gathering extra steam at the end of the week.
Following the breakout of the key resistance line at 118.75, the cross has accelerated the upside and is now targeting the key 100-day SMA nar 119.90.
Further up emerges September’s high just above the 120.00 mark.

EUR/JPY daily chart

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