More sustained gains need to clear 151.00

By Forex Uy tín On Th6 8, 2023

EUR/JPY adds to Wednesday’s uptick and revisits the 150.00 region.
Further upside targets the 151.00 mark and beyond.

EUR/JPY pushes higher and manages to revisit the key 150.00 zone on Thursday.

In case gains accelerate, there is an immediate hurdle at the so far monthly high at 150.19 (June 5). The surpass of this level could put the weekly top at 151.07 (May 29) back on the radar, while a convincing breakout of the latter exposes a probable move to the 2023 peak at 151.61 (May 2).

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 144.16.