EUR/JPY Technical Analysis: constructive above 130.40, could test the 200-day SMA near 132.00.

• The cross left behind the critical resistance area at 130.24/45, coincident with June peaks, the 100- and 10-day SMA. In addition, the 10-day SMA is threatening to break above the 100-day SMA. The cross has now the 200-day SMA in the crosshairs, today at 131.94
• Adding to the bullish side, EUR/JPY is prolonging the trade above the daily cloud, which it managed to clear for the first time since early 2018.
• In case of a test and subsequent breakout of the 200-day SMA, April’s tops in the mid-133.00s should emerge in the horizon.

EUR/JPY daily chart

Daily high: 131.71

Daily low: 131.05

Support Levels

S1: 130.89

S2: 130.47

S3: 130.14

Resistance Levels

R1: 131.64

R2: 131.97

R3: 132.39