EUR/JPY Price Analysis: Next resistance comes at the 143.00 region

Market news

11 January 2023

EUR/JPY Price Analysis: Next resistance comes at the 143.00 region

EUR/JPY advances further north of the 142.00 mark midweek
Bulls now target the weekly high around the 143.00 zone (December 28).

EUR/JPY trades with gains for the fourth session in a row and climbs to multi-day peaks near 142.50 on Wednesday.

Considering the ongoing price action, further upside remains well favoured in the near term. Against that, the immediate up barrier appears at the weekly high at 142.93 (December 28), which appears reinforced by the vicinity of the 100-day SMA, today at 143.05.

The outlook for EUR/JPY should remain positive while above the 200-day SMA at 140.62.

EUR/JPY daily chart

Currencies. Daily history for Wednesday, January 11, 2023

Commodities. Daily history for Tuesday, January 10, 2023

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