FXStreet (Córdoba) - EUR/JPY broke above 129.50 during the European session and it continued to rise on American hours. Recently it reached a fresh 3-week high at 130.09 and it was hovering around 130.00, consolidating a daily gain of around 0.60%. The euro is rising against the yen for the sixth trading day in a row and is about to post the strongest close since the beginning of the year. It continues to recover after falling last week to 126.16; from there it has risen almost 400 pips. While USD/JPY remained steady moving in a range during all day, between 118.55 and 119.00, EUR/USD rallied toward 1.0950, hitting the highest level in a week. EUR/JPY technical levels To the upside, potential resistance levels might lie at 130.10 (daily high), 130.30 (Nov 27 & 30 high) and 131.05 (Nov 25 high / Dec 18 low). To the downside, support might now be seen at 129.50, 128.75 (Jan 14 & 26 high) and 128.20/25 (Jan 27 low). For more information, read our latest forex news.