- EUR/JPY continues the bullish momentum started on Monday.
- The next upside target is the all-time high near 145.60.
He USD/JPY adds to the rally seen earlier in the week and is trading closer to the 143.00 zone on Tuesday, an area coincident with the 100-day SMA.
The bounce looks strong and continuation of this price action should target the 2023 high at 145.56 (March 2) before a possible visit to the December 2022 high at 146.72 (Dec 15).
Meanwhile, further losses are expected as the cross trades below the 200-day SMA at 141.78 today.
EUR/JPY daily 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.
