• EUR/JPY prints advances to new highs near the 147.00 hurdle.
• Further gains could now see the 2022 top revisited in the near term.

EUR/JPY maintains the needle-like recovery well in place and reaches fresh highs in the proximity of the 147.00 barrier on Thursday.

In light of the ongoing price action, further gains seem well on the cards for the time being. That said, the next target of note for the cross comes at the 2022 peak at 148.40 (October 21).

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 141.98.

EUR/JPY daily chart