- EUR/JPY adds to weekly corrective pullback and pierces 149.00.
- Resumption of bullish bias should target 151.00 again.
He USD/JPY extends the decline for the third session in a row and briefly tests the area below 149.00 on Wednesday.
Despite the ongoing pullback, continuation of the gains looks like a plausible scenario in the short term, and a convincing break of the 151.00 round level could encourage the cross to challenge the 2023 high at 151.61 (May 2) in the near future. far away.
For now, rallies are favored as long as the cross trades above the 200-day SMA, today at 143.82.
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.
