EUR/JPY heading for April 2019's high...

Not much extension beyond 123.00 for the Yen vs the Euro last week as relatively buoyant risk sentiment on some improvement in daily rates of COVID-19 cases and deaths combines with signs of progress in terms of extra EU financial support to sap safe-haven demand. The next magnet zone for this pair is the resistance handle found at 127.00 which was last seen in April 2019. I can't yet see any shorting opportunities on this as the bullish pressure is still active.