- EUR/JPY extends weekly recovery beyond the 141.00 barrier.
- The continuation of the bounce should target the 143.00 zone.
EUR/JPY reverses Thursday’s pullback and recovers to the 141.00 zone and beyond, on the last day of the week and ahead of the NFP.
In view of the evolution of prices, new increases are not ruled out in the short term. That being said, the immediate target is the weekly high of 142.93 (28 Dec), which seems supported by the proximity to the 100 SMA.
The EUR/JPY is back above the 200 SMA, today at 140.52, which if confirmed in the next few days could change the outlook, leaving behind the bearish bias.
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.
