EUR/JPY Price Analysis: Constructive outlook seen above the 200-day SMA

• EUR/JPY loses some upside momentum around 143.20.
• Further recovery looks likely above 141.81 so far.

EUR/JPY leaves behind Wednesday’s irresolute price action and advances past the 143.00 barrier, where it has so far met some decent resistance.

Despite the weekly rebound seems to have run out so steam, further upside should not be ruled out. Against that, the 2023 high at 145.56 (March 2) emerges as the next target of note prior to a potential visit to the December 2022 peak at 146.72 (December 15).

In the meantime, extra gains remain in store while the cross trades above the 200-day SMA, today at 141.81.

EUR/JPY daily chart