EUR/JPY to extend its rise towards the 133.13/48 zone – Commerzbank

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11 May 2021

EUR/JPY to extend its rise towards the 133.13/48 zone – Commerzbank

FXStreet reports that Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, notes that EUR/JPY is in new highs for the year and has the highs from April 2018 and September 2018 at 133.13/48 in its sights.

“EUR/JPY continues to inch higher and is poised to reach 133.13/48, these are the highs from April 2018 and September 2018 and they may provoke some profit-taking.”

“Our longer-term target is the 137.51 2018 high.”

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