- EUR/JPY Price Analysis: Further rebound targets 144.00 and beyond
Market news
13 October 2022
EUR/JPY Price Analysis: Further rebound targets 144.00 and beyond
- EUR/JPY extends the recovery for the third session in a row.
- Extra gains could see the October peak around 144.00 revisited.
EUR/JPY gathers extra steam and reaches new multi-day highs around the 143.00 neighbourhood on Thursday.
So far, the recovery appears underpinned by the 141.00 region, which stands as quite a decent support for the time being. Further upside could then see the 144.00 zone retested in the short-term horizon ahead of the 2022 top at 145.63 (September 12).
In the meantime, while above the key 200-day SMA at 136.37, the constructive outlook for the cross should remain unchanged.
EUR/JPY daily chart
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