The euro rose strongly against the yen in early European trading on Monday.

　　If it rises above 130.50, the exchange rate will expand its rise in the near future.

　　Kinetic shock indicators suggest that the exchange rate will continue to rise.

　　The euro rose slightly against the yen in early European trading on Monday. The exchange rate continued the previous day's rise, rising more than 70 points today. At present, the exchange rate was traded at 130.47, up 0.51% during the day.

　　Euro dollar chart

　　On the daily chart, EURJPY rose strongly after testing a low of 128.33 on Wednesday. The exchange rate rose for the third consecutive day. At present, breaking through and closing above 130.30 will be a real test for bulls.

　　If it breaks through the strong resistance level of 130.50, the exchange rate will test the high of 130.74 on September 3. MACD index is trading above the middle line, and the signal is bullish. Any rise in this indicator will prompt EUR / JPY bulls to hit the 131.00 level resistance zone. If it successfully breaks through this level, bulls will try to recover the high of 131.86 on July 6.

　　Conversely, if prices turn lower, EURJPY will fall back to the support levels of 130.00 and 129.50. Next, market participants will continue to focus on the psychological level of 129.00. Foreign exchange platform recommendation:http://www.ban8.com.cn/platform/12942.html