- EUR/JPY fades Thursday’s pullback and recovers 140.00 and above.
- If it continues to rise, it could revisit the 142.30 area.
EUR/JPY resumes weekly recovery and manages to break above the key 140.00 barrier on Friday.
More rallies on the cross could come from breaking above the 140.00 region. Beyond this zone, another test of the weekly high at 142.32 (July 21) should reappear on the horizon before the 2022 high at 144.27 (June 28).
As long as it is above the 200 SMA at 134.48, the outlook for the cross should remain constructive.
EUR/JPY day chart
Source: Fx Street
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