EUR/JPY Price Analysis: Recovery now targets 146.00 and above

Market news

7 December 2022

EUR/JPY Price Analysis: Recovery now targets 146.00 and above

EUR/JPY looks firm and advances to multi-day highs past 144.00.
Further upside now looks at the weekly high past 146.00.

EUR/JPY rapidly leaves behind Tuesday’s pullback and advances north of the 144.00 hurdle to clinch fresh multi-session peaks on Wednesday.

Further upside now appears on the cards and the cross could now challenge the weekly high at 146.13 (November 23) in the relatively short term.

The outlook for EUR/JPY is expected to remain positive while above the 200-day SMA, today at 139.31.

EUR/JPY daily chart

Currencies. Daily history for Wednesday, December 7, 2022

Commodities. Daily history for Tuesday, December 6, 2022

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