- EUR/JPY extends current recovery towards 138.00.
- The next target on the upside comes at the 139.00 hurdle ahead of 140.00.
EUR/JPY extends bullish momentum and trades at multi-day highs beyond 138.00 at the start of the week.
Further gains now look on the table with the next target at the 139.00 round level ahead of the 2022 high around 140.00 (21 Apr). Above is the June 2015 high at 141.05.
Meanwhile, if it remains above the 200-day SMA at 130.91, the outlook for the cross is expected to remain constructive.
EUR/JPY day chart
Source: Fx Street
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