EUR/JPY Price Forecast: No Changes to the Bullish

On Tuesday, EUR/JPY trades positively for the third session in a row, retesting the 15700 neighborhood, or multi-day highs.

The 2023 high at 158.04 (July 21) should be the first objective for the upward momentum to continue. The breach of these levels opens the door to a move to the round level of 160.00 in the not-too-distant future.

So far, the cross's longer-term favorable outlook looks to be favored while trading above the 200-day SMA, which is now at 146.53.

EUR/JPY Daily Chart