- EUR/JPY extends Friday’s gains above 142.00.
- Further ascent should retarget 2022 highs beyond 144.00.
- EUR/JPY extends Friday’s bounce above the 142.00 level at the start of the week.
The EUR/JPY cross bounced from last week’s lows in the area below 138.00 and a continuation of this move should put a possible challenge of the 2022 high above 144.00 on the table sooner rather than later.
That said, the breakout of the 2022 high at 144.25 (June 8) should lead to a possible test of the 2015 high at 145.32 (Jan 2) before the 2014 high at 149.78 (Dec 8).
As long as EUR/JPY is above the 3-month support line near 137.15, the short-term outlook should remain bullish.
EUR/JPY daily chart 
EUR/JPY additional technical levels
Source: Fx Street
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