EUR/JPY Technical Analysis: The cross targets 2019 highs in the mid-127.00s

15 Apr 2019

  • The cross is extending the recent breakout of the key short-term resistance line in the 126.00 neighbourhood, opening the door at the same time for further upside.
  • Extra gains now target the 127.00 barrier and beyond, where is located the 2019 high.
  • A surpass of this area of resistance should pave the way for a visit to the critical 200-day SMA at 127.65.

EUR/JPY daily chart

 

 

 

 

 

 

 

 

 

 

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