EUR/JPY Price Analysis: Next on the upside now comes the 2023 high
|- EUR/JPY picks up extra pace and trespasses the 144.00 hurdle.
- Extra advance could put the YTD high near 145.60 to the test.
EUR/JPY adds to the weekly optimism and extends the strong rebound north of 144.00 the figure on Thursday, or 2-week peaks.
Following the breakout of the key 200-day SMA (141.80), the cross could now accelerate gains to the 2023 top at 145.56 (March 2). The surpass of this level could motivate the cross to embark on a potential visit to the December 2022 high around 146.70 (December 15).
In the meantime, extra gains remain on the table while the cross trades above the 200-day SMA.
EUR/JPY daily chart
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