EUR/JPY Price Analysis: Extra gains now target the 2023 peak
- EUR/JPY adds to the recent uptrend around 159.00.
- Further gains now look at the yearly highs near 159.80.
EUR/JPY adds to the ongoing rebound and surpasses the 159.00 hurdle, printing at the same time new multi-week tops.
Considering the current price action, further upside appears in the pipeline for the cross in the short-term horizon. Against that, the immediate hurdle emerges at the 2023 top at 159.76 (August 30) just ahead of the round level at 160.00.
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 150.79.
EUR/JPY daily chart
Reprinted from FXStreet_id，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.