Back
11 Sep 2020
EUR/JPY Price Analysis: Further upside likely to test 127.00
- EUR/JPY extends the recovery to the area above the 126.00 mark.
- Immediately to the upside is located the 2020 highs near 127.10.
EUR/JPY is prolonging the uptrend for yet another session and is already reclaiming the 126.00 neighbourhood.
If the buying interest picks up extra pace, then EUR/JPY should shift its attention to the so far yearly 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 120.75.
EUR/JPY daily chart
