EUR/JPY Price Analysis: A visit to 140.00 appears likely

• EUR/JPY extends the uptrend and challenges the 139.00 mark.
• Next on the upside now emerges the key round level at 140.00.

EUR/JPY advances for the third session in a row and prints multi-week peaks near 139.00 at the same time.

The continuation of the uptrend now shifts the focus to the key level at 140.00. Beyond the latter, the cross might attempt another test of the weekly peak at 142.32 (July 21).

While above the 200-day SMA at 134.15, the prospects for the pair should remain constructive.

EUR/JPY daily chart