- EUR/JPY Price Analysis: The 2022 peak is just around the corner
Market news
17 October 2022
EUR/JPY Price Analysis: The 2022 peak is just around the corner
- EUR/JPY surpasses the 145.00 yardstick to new tops on Monday.
- Next on the upside appears the 2022 top at 145.65 (September 12).
EUR/JPY clinches new multi-week highs past the 145.00 level at the beginning of the week.
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 in the near term.
In the meantime, while above the key 200-day SMA at 136.52, the constructive outlook for the cross should remain unchanged.
EUR/JPY daily chart
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