- EUR/JPY keeps the bid bias well and sound so far this week.
- Extra gains now challenge the 151.00 yardstick and above.
EUR/JPY extends the weekly rebound and trespasses the key 151.00 mark on Friday.
In case bulls remain in control, there is an immediate hurdle at the weekly top at 151.07 (May 29), while a convincing breakout of this level 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 144.21.
EUR/JPY daily chart
Read the full article here