- EUR/JPY has started the week on a positive note well above the 120.00 mark following two consecutive daily pullbacks on the back of renewed EUR weakness.
- Further buying impulse should meet the next relevant hurdle at recent tops in the mid-121.00s ahead of the more relevant 200-day SMA at 122.16.
- The resumption of the selling bias should meet strong support in the 120.00 neighbourhood ahead of the 100-day SMA at 119.71.
EUR/JPY daily chart
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