- EUR/JPY Price Analysis: Next target comes at the December 2022 high near 146.70
Market news
6 February 2023
EUR/JPY Price Analysis: Next target comes at the December 2022 high near 146.70
- EUR/JPY advances further and flirts with YTD highs below 143.00.
- Extra upside remains in store above the 200-day SMA (140.96).
EUR/JPY adds to Friday’s strong advance and approaches the key 143.00 region at the beginning of the week.
EUR/JPY extends the recent sharp rebound and leaves behind the key 200-day SMA, today at 140.96, at the same time breaking above the multi-session consolidative theme and opening the door to potential extra gains in the very near term.
That said, the next up barrier of note now comes at the December 2022 peak at 146.72 (December 15).
EUR/JPY daily chart
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