Nov 07, 2022
VOT Research Desk
The EURJPY continues Friday’s notable rally and makes a few tentative moves into the 147.00 area at the start of the week.
In the very near future, it appears that the recovery will continue, and EURJPY may then set its sights on the 2022 peak at 148.40 (October 21), which is ahead of the round level at 150.00.
The positive trend is anticipated to continue in the near term as long as it remains above the October lows at 141.00.
In the long run, the positive view is anticipated to be true when trading above the crucial 200-day SMA at 137.78.
