- EUR/JPY appears to have embarked on a consolidation phase.
- The breakout of 150.00 could put the 2023 high on the radar.
EUR/JPY resumes the upside following Friday’s pullback, always below the 150.00 region so far on Monday.
If the cross clears the key round level at 150.00, it could then challenge the 2023 top at 151.61 (May 2).
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 143.36.
EUR/JPY daily chart
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