- EUR/JPY hits multi-session highs above 146.00.
- Higher up is the monthly high just above 147.00.
EUR/JPY extends weekly bounce and pushes towards multi-session highs above the 146.00 zone on Wednesday.
So far, the corrective bounce appears to be in place and the cross should face initial resistance at the November high at 147.11 (9 Nov). Above the latter, the door could open for a more significant move towards the 2022 high at 148.40 (21 Oct).
Longer-term, as long as it is above the key 200 SMA at 138.62, the positive 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.
