fxstreet.com 16 Feb, 2021 00:30 am

EUR/JPY perking up again, looking to 128.00 resistance

EUR/JPY perking up again, looking to 128.00 resistance
At the time of writing, EUR/JPY is trading at 127.87 and higher early in the new trading day by 0.18%. The cross travelled to a European open high of

EUR/JPY has been consolidating below 128 the figure at the start of the week.The mood was generally positive in Asia-Pacific at the start of the week, following the US stock market’s close at another record high Friday.US Futures overnight pointed to a solid platform of risk-appropriate for Tuesday's major bourses as well which might be expected to keep Japan’s Nikkei 225 above 30,000 which it crossed for the first time since 1990 at the start of the week.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

It also does not guarantee that this information is of a timely nature.EUR/JPY technical analysis Prior analysis: Further to the prior analysis, EUR/JPY Price Analysis: W-formation forms as price meets resistance, the price has started to consolidated below 128, albeit within the bullish territory still.

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