Possibility of Rebound for the EUR/JPY to the 144.00 Region.


EUR/JPY pair seems to have encountered some struggle around daily highs near 142.30 at the week’s close.

The continuation of last week’s lows is present in the near term.

Furthermore, the cross could extend the bullish attempt to the weekly top at 144.04 reached on September 20, which is considered the last resistance for a move to the 2022 peak at 145.63 attained on September 12.

However, the constructive outlook for the cross should remain unchanged while above the key 200-day SMA at 135.84.

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