EUR/JPY Price Analysis: Extra gains remain in store near term

• EUR/JPY extends the pessimism below 145.00 on Friday.
• The next target stays unchanged at the 146.70 region.

EUR/JPY adds to Thursday’s losses and retreats below the 145.00 mark at the end of the week.

The continuation of the current upside momentum faces the next hurdle at the 2023 high at 145.56 (March 2). Once this level is cleared, the par could then confront the December 2022 top at 146.72 (December 15) ahead of the 2022 high at 148.40 (October 21 2022).

In the meantime, while above the 200-day SMA, today at 141.63, the outlook for the cross is expected to remain positive.

EUR/JPY daily chart