GBP/EUR: Pound Rallies Ahead Of BoE Announcement

EUR/JPY continues to rebound passing through 126.00 pulling 2020 highs near 127.10 into view.

EUR/JPY is extending gains and is already recouping ground around 126.00 .

Should the uptrend pick up momentum then EUR/JPY could target yearly highs just after 127.00 (high September 1).

The upbeat outlook for the EUR/JPY is expected to remain intact whilst it trades above 120.75 (200-day SMA).