- EUR/JPY adds to Tuesday’s advance above 135.00.
- Immediately on the upside comes the yearly high at 137.54.
The EUR/JPY extends the bounce from the weekly lows in the 134.30 area and retakes the 135.00 level and above.
The underlying bullish momentum in the cross remains unchanged for now. However, EUR/JPY could try to consolidate before resuming the uptrend. That said, the next hurdle remains the 2022 high at 137.54 (March 28) before a likely visit to the August 2015 high at 138.99 (Aug 15) and ahead of the round level at 140.00.
Meanwhile, although above the 200-day SMA at 130.14, the outlook for the cross is expected to remain constructive.
EUR/JPY daily charts
Technical levels
Source: Fx Street
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