• EUR/JPY sparks a corrective decline just above the 139.00 mark.
• Further advance looks likely once 140.00 is cleared.

EUR/JPY comes under downside pressure following three consecutive sessions with gains on Wednesday.

The continuation of the uptrend now shifts the focus to the key level at 140.00. Beyond this zone, the cross might attempt another test of the weekly peak at 142.32 (July 21), which is deemed as the latest defense of the 2022 high at 144.27 (June 28).

While above the 200-day SMA at 134.37, the prospects for the pair should remain constructive.

EUR/JPY daily chart