- EUR/JPY loses some bullish momentum around 143.20.
- For now, the rally seems likely to continue above 141.81.
He USD/JPY It leaves Wednesday’s unresolved price action behind and advances beyond the 143.00 barrier, where it has found decent resistance so far.
Despite the fact that the weekly rebound appears to have petered out, further gains should not be ruled out. Conversely, the 2023 high at 145.56 (March 2) is shaping up to be the next target to watch before a possible visit to the December 2022 high at 146.72 (Dec 15).
Meanwhile, further gains are expected as the cross trades above the 200-day SMA at 141.81 today.
EUR/JPY daily chart
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
