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21 Sep 2022

EUR/JPY Price Analysis: Further upside remains in store

  • EUR/JPY comes under downside pressure and breaches 142.00.
  • Next on the upside turns up the 2022 top at 145.63.

EUR/JPY adds to Tuesday’s losses and briefly breaks below the 142.00 support midweek.

The cross appears within the multi-session range bound theme so far. The break above this stance could open the door to a potential visit to the 2022 high at 145.63 (September 12).

In the meantime, while above the 200-day SMA at 135.45, the prospects for the pair should remain constructive.

EUR/JPY daily chart

 

Sep 21, 2022

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