Forex: EUR/JPY jumps above 123.00

FXstreet.com (San Francisco) - The Euro is rallying across the market following the Draghi press conference and against the Japanese Yen, the pair has jumped more than 100 pips in the last few minutes from 121.60 to breaks above 122.00 and 123.00 to trade at the highest level since March 25 at 123.40.

Currently the EUR/JPY is trading at 123.25, 3.55% above opening price. The pair is slightly bullish according to the FXstreet.com trend index. MACD, CCI and Momentum are bullish while the Stochastic is bearish in the 1-hour chart.

Next resistances are at 123.80, 124.00 and 124.50. Supports are at 122.40, 121.60 and 120.90.