EUR/JPY Price Analysis: Interim top above 144.00?

  • EUR/JPY reverses 2 successive everyday pullbacks on Friday.
  • Further gains seen above the 2023 high past 144.00

EUR/JPY handles to rebound from earlier multi-session lows near 142.00 and go back to the favorable area at the end of the week.

While the cross looks rather side-lined for the time being, a persuading breakout of the 2023 high at 144.16(February 21) might trigger additional strength to, at first, the December 2022 peak at 146.72(December 15).

In the meantime, while above the 200- day SMA, today at 141.41, the outlook for the cross is anticipated to stay favorable.

EUR/JPY everyday chart

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