EUR/JPY Technical Analysis: Ready to tackle 132.00 and beyond
|- The cross is prolonging the rally above 131.00 the figure, surpassing the 200-day SMA at 131.08 and opening the door for a potential visit to July’s peak just above the 132.00 mark.
- Further north of the 132.00 neighbourhood lies April’s tops in the mid-133.00s.
- Furthermore, EUR/JPY appears supported by the short-term support line off August’s low, today at 129.18.
EUR/JPY daily chart
Daily high: 131.85
Daily low: 130.91
Support Levels
S1: 130.67
S2: 130.26
S3: 129.74
Resistance Levels
R1: 131.59
R2: 132.11
R3: 132.51
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