EUR/JPY bounces off weekly lows and regains some composure above the 145.00 barrier by the end of the week.
Considering the ongoing bounce, the cross is now facing intermediate resistance at the weekly high of 146.13 (23 Nov). A break above the latter exposes a potential move towards the November highs beyond the 147.00 level.
Longer-term, as long as it is above the key 200-day SMA at 138.76, the positive outlook is expected to hold.
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.
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