EUR/JPY Price Analysis: Recovery now targets 149.30

Market news

15 May 2023

EUR/JPY Price Analysis: Recovery now targets 149.30

EUR/JPY adds to Friday’s recovery and regains 148.00.
The weekly low near 149.30 emerges as the next hurdle.

EUR/JPY gathers extra pace and reclaims the area just above 148.00 the figure at the beginning of the week.

It seems the cross regains part of the bullish perspective and could now challenge the weekly peak at 149.26 (May 8). The surpass of this level could pave the way for a potential test of the YTD high at 151.61 (May 2).

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 143.06.

EUR/JPY daily chart

Currencies. Daily history for Monday, May 15, 2023

Commodities. Daily history for Friday, May 12, 2023

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