- EUR/JPY is under pressure shortly after hitting the 140.00 area.
- More raises could put 142.32 back on the radar.
EUR/JPY pulls back from recent highs reached in the 140.00 area on Thursday.
Gains from the cross could accelerate once it breaks above the 140.00 zone. Beyond this zone, another test of the weekly high at 142.32 (July 21) should reappear on the horizon before the 2022 high at 144.27 (June 28).
As long as it is above the 200 SMA at 134.42, the outlook for the cross should remain constructive.
EUR/JPY day chart
Source: Fx Street
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