EUR/JPY Price Analysis: Next on the upside comes the 2022 high

Market news

14 October 2022

EUR/JPY Price Analysis: Next on the upside comes the 2022 high

EUR/JPY meets initial resistance near 144.40 on Friday.
Further gains could challenge the YTD peak near 145.60.

EUR/JPY reaches new monthly highs around 144.40, although it loses some ground afterwards.

So far, the recovery appears underpinned by the 141.00 region, which stands as quite a decent support for the time being. The continuation of the uptrend could see the 2022 top at 145.63 (September 12) revisited sooner rather than later.

In the meantime, while above the key 200-day SMA at 136.44, the constructive outlook for the cross should remain unchanged.

EUR/JPY daily chart

Currencies. Daily history for Friday, October 14, 2022

Commodities. Daily history for Thursday, October 13, 2022

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