EUR/JPY Price Analysis: Next on the upside comes 139.00

• EUR/JPY extends further the march north, this time above 136.00.
• Next hurdle of note emerges near 139.00 (August 21 2015).

EUR/JPY adds to the optimism seen at the beginning of the week and trespasses the 136.00 level on Tuesday.

The upside momentum in the cross appears unabated for the time being. That said, the breakout of the 2022 high at 137.54 (March 28) should open the door to a probable visit to the August 2015 peak at 138.99 (August 15) ahead of the round level at 140.00.

In the meantime, while above the 200-day SMA at 130.05, the outlook for the cross is expected to remain constructive.

EUR/JPY daily chart