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- EUR/JPY Price Analysis: Solid support emerged around 141.00
EUR/JPY Price Analysis: Solid support emerged around 141.00
- EUR/JPY adds to Tuesday’s advance and surpasses 142.00.
- The 141.00 region has so far emerged as a decent contention area.
EUR/JPY picks up extra pace and extends Tuesday’s bounce further north of the 142.00 level midweek.
So far, the recovery appears underpinned by the 141.00 region, which stands as quite a decent support for the time being. Further upside could then see the 144.00 neighbourhood revisited in the short-term horizon.
In the meantime, while above the key 200-day SMA at 136.31, the constructive outlook for the cross should remain unchanged.
EUR/JPY daily chart
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