- EUR/JPY advances for another day.
- Expectations for the uptrend to keep rising.
EUR/JPY extends gains, hitting a high of 123.00 amid an improved risk tone in the market..
Near term resistance can be seen at the 100-day and 55-day SMAs at 123.63 and 124.16, respectively. A break through these levels could open the door to October highs around 125.00.
EUR/JPY trades above the 200-day SMA at 121.18 giving a bullish outlook.