EUR/JPY Technical Analysis: Upside in the cross faltered just ahead of the 127.00 handle

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  • EUR/JPY is navigating the upper end of the recent range in the mid-126.00s following a test of the boundaries of the key 127.00 barrier.
  • Immediate target on the upside is now at the 2019 high at 127.50 (March 1).
  • Extra gains should visit the critical 200-day SMA, today at 127.65.

EUR/JPY daily chart

 

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