- EUR/JPY extends further north of 137.00 its weekly recovery.
- Immediately to the upside comes the August high at 138.40.
EUR/JPY adds to Tuesday’s gains and reclaims the area beyond the 137.00 yardstick on Wednesday.
In case the recovery becomes more serious, then the cross should meet the next barrier at the 100-day SMA at 138.10 ahead of the more relevant August high at 138.39 (August 10).
While above the 200-day SMA, today at 133.98, the prospects for the pair should remain constructive.
EUR/JPY daily chart
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