- EUR/JPY accelerates gains and breaks above the 143.00 mark.
- Immediately to the upside is now the high for the year beyond 144.00.
EUR/JPY rises for the third session in a row and breaks above the 143.00 mark on Tuesday. The cross maintains the rebound from last week’s lows in the area below 138.00. A continuation of this move should put the potential target at the 2022 high, beyond 144.00, back on the radar sooner rather than later.
That said, breaking through the 2022 high in 144.25 (June 8) should lead to a likely test of the 2015 high in 145.32 (Jan 2) before 2014 high at 149.78 (Dec 8).
As long as the cross is above the 3-month support line near 137.30, the short-term outlook for EUR/JPY should remain bullish.
EUR/JPY daily chart
Technical Levels
Source: Fx Street
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