Oct 06, 2022
VOT Research Desk
Following Wednesday’s correction, buying interest in EUR/JPY has returned.
In the short term, retargeting the 144.00 level on the upside is anticipated.
On Thursday, the EUR/JPY appears to be modestly bought above the 143.00 level, somewhat reversing the previous decline.
Despite Wednesday’s jolt, the recovery from last week’s lows is still very much intact.
In contrast, if the cross continues its breakout from the weekly top on September 20 at 144.04, it may challenge the 2022 high at 145.63. (September 12).
While above the important 200-day SMA at 136.10, the positive outlook for the cross should continue to be favorable.
EUR/JPY Technical Report
|
Daily SMA20 |
142.21 |
|
Daily SMA50 |
139.45 |
|
Daily SMA100 |
139.66 |
|
Daily SMA200 |
136.07 |
