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Range Markets
June 6, 2022
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EUR/JPY PRICE ANALYSIS: FURTHER UPSIDE COULD REVISIT 141.00

  • EUR/JPY clinches new 2022 highs past 140.00.
  • The continuation of the uptrend could see 141.05 retested.

EUR/JPY prints new cycle highs past the 140.00 mark at the beginning of the week.

The cross has quickly left behind the 140.00 hurdle and advanced to as high as the 140.60/65 band on Monday, opening the door at the same time for extra gains to, initially, the June 2015 peak at 141.05.

In the meantime, while above the 2-month support line near 135.50, the short-term outlook for the cross should remain bullish.

EUR/JPY DAILY CHART

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