EUR/JPY Price Analysis: Positive outlook remains in place

Market news

3 April 2023

EUR/JPY Price Analysis: Positive outlook remains in place

EUR/JPY starts the week in a volatile fashion and revisits 145.00.
The next up barrier of note comes at the December 2022 high.

EUR/JPY regains some composure and advances to the 145.00 region at the beginning of the week.

A daily close above the 2023 top at 145.67 (March 31) should motivate the cross to shift its focus to the December 2022 top around 146.70 (December 15) in the short-term horizon.

In the meantime, extra gains remain on the table while the cross trades above the 200-day SMA, today at 141.82.

EUR/JPY daily chart

Currencies. Daily history for Monday, April 3, 2023

Commodities. Daily history for Friday, March 31, 2023

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