EUR/JPY Price Analysis: Still scope for a move to 144.00
|- EUR/JPY comes under some pressure and fades two daily gains in a row.
- There is still room for a potential rebound to the 144.00 region.
EUR/JPY seems to have met decent resistance around daily highs near 142.30 at the end of the week.
The continuation of the bounce off last week’s lows remains on the table in the very near term. That said, the cross could therefore extend the bullish attempt to the weekly top at 144.04 (September 20), which is deemed as the last defense for a move to the 2022 peak at 145.63 (September 12).
In the meantime, while above the key 200-day SMA at 135.84, the constructive outlook for the cross should remain unchanged.
EUR/JPY daily chart
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