EUR/JPY has climbed for six straight days but it’s running into resistance

Technical Analysis

EUR/JPY inches higher

The total gain is just over 200 pips but EUR/JPY has held a steady bid for the past six trading days and risen above 130.00 for the first time since October 22.

The gains have stalled for the moment at a confluence of the Oct 22 high and the 200-day moving average, which are both at 130.20. The high on the day is 130.13.


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