- EUR/JPY Price Analysis: Immediately to the upside comes 144.00
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6 October 2022
EUR/JPY Price Analysis: Immediately to the upside comes 144.00
- EUR/JPY regains some buying interest after Wednesday’s retracement.
- Further upside is expected to retarget the 144.00 mark in the near term.
EUR/JPY partially reverses the recent pullback and looks slightly bid above the 143.00 mark on Thursday.
The continuation of the rebound from last week’s lows remains well in place despite Wednesday’s knee-jerk. Against that, if the cross extends the breakout of the weekly top at 144.04 (September 20), it could then dispute the 2022 high at 145.63 (September 12).
In the meantime, while above the key 200-day SMA at 136.10, the constructive outlook for the cross should remain unchanged.
EUR/JPY daily chart
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