- EUR/JPY adds to Friday’s rise and approaches 145.00.
- The next level up is the small hurdle at 146.13.
EUR/JPY extends the recent bounce to near 145.00 at the start of the week.
The cross manages to break the previous pullback to 143.00 and now targets the 145.00 area. The continuation of the bounce exposes a possible test of the weekly high at 146.13 (23 Nov) in the short term.
Longer-term, as long as it is above the key 200-day SMA at 138.83, the bullish outlook is expected to hold.
EUR/JPY day 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.
