EUR/JPY Price Analysis: Room for extra gains
|- EUR/JPY clinches fresh tops near 148.60 on Tuesday.
- Next of note on the upside comes the 150.00 yardstick.
EUR/JPY corrects lower following the move to fresh highs in the 148.60/65 band, an area last seen back in later December 2014.
The underlying strong upside momentum in the cross appears so far unabated despite the ongoing knee-jerk. Further north of recent tops at 148.63 (April 25), the cross could embark on a potential visit to the key 150.00 mark in the not-so-distant future.
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.31.
EUR/JPY daily chart
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