EUR/JPY Price Analysis: Next on the upside now comes 142.30

• EUR/JPY fades Thursday’s pullback and regains 140.00 and above.
• Further upside could see the 142.30 region revisited.

EUR/JPY resumes the weekly recovery and manages to surpass the key barrier at the 140.00 mark on Friday.

Extra gains in the cross are favoured once it clears the 140.00 region. Beyond this area, another test of the weekly peak at 142.32 (July 21) should re-emerge on the horizon ahead of the 2022 high at 144.27 (June 28).

While above the 200-day SMA at 134.48, the prospects for the pair should remain constructive.

EUR/JPY daily chart