April 13, 2023 11:24 AM
EUR/JPY Price Forecast: Bullish analysis remains same
On Thursday, the EUR/JPY maintains its nail rebound and makes new highs close to the 147.00 level. Also, the right side looks up in a time frame.
More gains appear to be in the cards for the time being given the current price activity. Having said that, the cross's next significant goal is at the high in 2022, at 148.40. (October 21).
- Around the 147.00 barriers, EUR/JPY records gain to new highs.
- The 2022 top may now be visited in the near future with more advances.
As of now, an additional rise seems likely as long as the cross is trading above the 200-day SMA, which is now at 141.98.