EUR/JPY Price Analysis: Interim hurdle emerges at 126.46
|- EUR/JPY trades within a narrow range in the 125.70 region on Monday.
- There is an interim resistance at the post-ECB high near 1256.50.
EUR/JPY is alternating gains with losses below the 126.00 mark at the beginning of the week.
Bulls need to surpass last week’s top near 126.50 (post-ECB meeting highs) to allow for another attempt to visit the 2020 highs just beyond 127.00 the figure recorded on September 1.
The constructive view around EUR/JPY is predicted to remain unchanged while above the 200-day SMA at 120.77.
EUR/JPY daily chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.