- EUR/JPY Price Analysis: Next on the upside comes the 143.00 region
Market news
23 January 2023
EUR/JPY Price Analysis: Next on the upside comes the 143.00 region
- EUR/JPY climbs further and retakes the 142.00 mark.
- Further gains could see the resistance area around 143.00 revisited.
EUR/JPY adds to Friday’s strong bounce and leaves behind the key 142.00 hurdle at the beginning of the week.
A sustainable breakout of the 200-day SMA, today at 140.76, should shift the outlook to a more constructive one and open the door to a probable visit to the key resistance area near 143.00 in the short-term horizon (high December 28, January 11).
On the downside, there is an initial contention around the 138.00 zone for the time being.
EUR/JPY daily chart
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