EUR/JPY Price Analysis: Euro challenges March’s highs and 121.00 figure

 

 

EUR/JPY broke to the upside as it is testing the 121.00 handle and the March’s highs while trading above the main daily SMAs. 

 

 

EUR/JPY is spiking to the upside while challenging March’s highs and the 121.00 handle. Bulls are back in the driver’s seat and some more up towards 121.40 or 122.00 could be expected. Support can be seen near the 120.50, 120.00 and 119.50 levels.