EUR/JPY Price Analysis: Initial barrier emerges at 150.00

EUR/JPY retests once again the key barrier around 150.00.
Further up emerges the 2023 high around 151.60.

EUR/JPY comes under fresh downside pressure soon after hitting the 150.00 region on Tuesday.

A convincing breakout of the key round level at 150.00 could encourage the cross to dispute the 2023 top at 151.61 (May 2) in the short-term horizon.

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 143.43.

EUR/JPY daily chart

May 23, 2023

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