- EUR/JPY keeps buying bias unchanged and approaches 142.00.
- The next target is near 143.00 (28 Dec).
EUR/JPY advances for the third session in a row and flirts with the 142.00 zone on Tuesday.
In view of the evolution of the prices, we must not rule out new rises in the short term. That being said, the immediate upside barrier comes in at the weekly high of 142.93 (Dec 28), which seems bolstered by the proximity to the 100-day SMA at 142.99 today.
The outlook for the EUR/JPY is expected to turn constructive as long as it holds above the 200-day SMA at 140.58.
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.
