The EUR/JPY continues to rise over the 132.00 mark, building on Wednesday’s gains.
Above the resistance line, more gain is predicted (132.80).
After bottoming out at weekly lows of 131.30, the EUR/JPY continues to rise.
To allow for additional gains to the 133.00 neighborhood, the recovery needs to clear the 132.80 area, where the resistance line (off the 2021 lows) is located.
In the bigger picture, as long as the cross stays above the 200-day SMA at 127.92, the prognosis for the cross should remain positive.
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