EUR/JPY Price Analysis: Extra gains remain in store

Market news

2 June 2022

EUR/JPY Price Analysis: Extra gains remain in store

EUR/JPY falters once again just ahead of the 139.00 yardstick.
Further advance should now target the 2022 high at 140.00.

EUR/JPY extends the strong performance for yet another session, although a breakout of the 139.00 mark remains elusive so far.

The cross now needs to clear the area of resistance near 139.00 to allow for bulls to challenge the 2022 high at 140.00 (April 21) in the not-so-distant future.

In the meantime, while above the 2-month support line near 135.20, the short-term outlook for the cross should remain bullish.

EUR/JPY daily chart

Currencies. Daily history for Thursday, June 2, 2022

Commodities. Daily history for Wednesday, June 1, 2022

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