EUR/JPY Price Analysis: Further up comes the 2022 high

EUR/JPY meets daily resistance around 137.00 on Thursday.
Further north of 137.00 emerges the YTD high at 137.54.

EUR/JPY gives away part of Wednesday’s strong advance after faltering around the 137.00 neighbourhood on Thursday.

In the meantime, further upside appears on the cards with the immediate target at the weekly high at 137.12 (April 11). Once cleared, the cross should embark on a probable visit to the 2022 high at 137.54 (March 28).

In the meantime, while above the 200-day SMA at 130.28, the outlook for the cross is expected to remain constructive.

EUR/JPY daily chart

Apr 14, 2022

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