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- EUR/JPY Price Analysis: Further upside seen above 140.70
EUR/JPY Price Analysis: Further upside seen above 140.70
- EUR/JPY advances for the fourth consecutive session on Monday.
- The next hurdle emerges around the 140.30 region.
EUR/JPY keeps the recovery well and sound and surpasses the 140.00 barrier, or 2-week peaks, on Monday.
Further upside appears the 4-month resistance line around 140.70, above which the cross is seen accelerating its gains to, initially, the weekly high at 142.37 (July 5). Once cleared, the next hurdle of relevance is seen at the 2022 top at 144.27 (June 28).
In the longer run, the constructive stance in the cross remains well propped up by the 200-day SMA at 133.36.
EUR/JPY daily chart
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