- EUR/JPY alternates gains and losses around 158.00.
- Continuation of sideways trading appears to be in sight.
He EUR/JPY It is sailing within a tight range in the 158.00 area so far this Tuesday.
Given the ongoing performance, further consolidation appears in store for the crossover for the time being. Meanwhile, the break of this range could test the September high of 158.65 (September 13) before the 2023 high at 159.76 (August 30).
For now, the long-term positive outlook for the cross seems favorable as long as it remains above the 200-day SMA, today at 150.42.
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.
