EUR/JPY Price Analysis: Extra gains remain in store
|- EUR/JPY accelerates gains and surpasses the 143.00 mark.
- Immediately to the upside now appears the YTD peak beyond 144.00.
EUR/JPY rises for the third consecutive session and breaks above the 143.00 mark on Tuesday.
The cross keeps well and sound the bounce off last week’s lows in the sub-138.00 zone and the continuation of this move should put a potential challenge of the 2022 high past 144.00 back on the radar sooner rather than later.
That said, the surpass of the 2022 peak at 144.25 (June 8) should lead up to a probable test of the 2015 high at 145.32 (January 2) prior to the 2014 high at 149.78 (December 8).
In the meantime, while above the 3-month support line near 137.30, the short-term outlook for the cross should remain bullish.
EUR/JPY daily chart
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