EUR/JPY Price Analysis: Room for extra gains

• EUR/JPY clinches fresh tops near 148.60 on Tuesday.
• Next of note on the upside comes the 150.00 yardstick.

EUR/JPY corrects lower following the move to fresh highs in the 148.60/65 band, an area last seen back in later December 2014.

The underlying strong upside momentum in the cross appears so far unabated despite the ongoing knee-jerk. Further north of recent tops at 148.63 (April 25), the cross could embark on a potential visit to the key 150.00 mark in the not-so-distant future.

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.31.

EUR/JPY daily chart