EUR/JPY Technical Analysis: Upside now targets the 123.00 neighbourhood

FX Street

Updated: 27 Jun. 2019 | 10:37

EUR/JPY is up for another session and is navigating weekly highs in the 122.80 region, flirting at the same time with the short-term resistance line at 122.87.
The rebound from last week’s lows remains well and sound sustained at the same time by Friday’s bullish ‘outside day’.
Immediately to the upside emerges the next significant hurdle at 123.17, or monthly peaks ahead of 123.75 (May 21 high).

EUR/JPY daily chart

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