- EUR/JPY regains the upside and approaches the 145.00 level.
- The continuation of the rebound could see the YTD revisited.
EUR/JPY leaves behind two consecutive sessions with losses and flirts with the 145.00 zone at the beginning of the week.
The continuation of the current upside momentum faces the next hurdle at the 2023 high at 145.56 (March 2). Once this level is cleared, the par could then confront the December 2022 top at 146.72 (December 15) ahead of the 2022 high at 148.40 (October 21 2022).
In the meantime, while above the 200-day SMA, today at 141.66, the outlook for the cross is expected to remain positive.
- EUR/JPY regains the upside and approaches the 145.00 level.
- The continuation of the rebound could see the YTD revisited.
EUR/JPY leaves behind two consecutive sessions with losses and flirts with the 145.00 zone at the beginning of the week.
The continuation of the current upside momentum faces the next hurdle at the 2023 high at 145.56 (March 2). Once this level is cleared, the par could then confront the December 2022 top at 146.72 (December 15) ahead of the 2022 high at 148.40 (October 21 2022).
In the meantime, while above the 200-day SMA, today at 141.66, the outlook for the cross is expected to remain positive.
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