- EUR/JPY hits a fresh 2022 high near 144.30 on Tuesday.
- Higher up is the 2015 high near 145.30.
The EUR/JPY gains for the third consecutive session and records new cycle highs near 144.30 on Tuesday.
The bullish bias on the cross remains good and solid and the continuation of the rally is now targeting the round level at 145.00 ahead of the 2015 high at 145.32 (Jan 2). Further up is the 2014 high at 149.78 (December 8).
Meanwhile, as long as it is above the 3-month support line around 138.40, the short-term outlook for the cross should remain bullish. This area seems reinforced by the proximity of the 55-day SMA.
EUR/JPY daily chart
Technical levels
Source: Fx Street
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