EUR/JPY Price Analysis: Immediately to the upside comes 143.00

Market news

14 February 2023

EUR/JPY Price Analysis: Immediately to the upside comes 143.00

EUR/JPY adds to Monday’s uptick above the 142.00 barrier.
Extra gains now target the resistance area around 143.00.

EUR/JPY pushes higher and surpasses the key barrier at 142.00 the figure on Tuesday.

While the cross looks broadly side-lined for the time being, further gains could prompt a test of the key 143.00 hurdle to re-emerge on the horizon ahead of the December 2022 high near 146.70.

A convincing breakout of the 200-day SMA, today at 141.08, should shift the outlook to a more constructive one.

EUR/JPY daily chart

Currencies. Daily history for Tuesday, February 14, 2023

Commodities. Daily history for Monday, February 13, 2023

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