- EUR / JPY extends the rise for another session on Thursday.
- The bets for the continuation of the uptrend continue to rise.
EUR / JPY added to recent gains and hits new highs in the vicinity of 123.00 thanks to the general improvement in risk appetite.
More raises remain within range, with intermediate obstacles at the 100 and 55 day moving averages at 123.63 and 124.16, respectively. Higher up are the October peaks in the 125.00 zone.
As long as it remains above the 200 day SMA at 121.18, the EUR / JPY is expected to remain unchanged on the bullish bias.
EUR / JPY day chart
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Credits: Forex Street
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