EUR/JPY Price Analysis: Next on the upside now comes the 2023 high

• EUR/JPY picks up extra pace and trespasses the 144.00 hurdle.
• Extra advance could put the YTD high near 145.60 to the test.

EUR/JPY adds to the weekly optimism and extends the strong rebound north of 144.00 the figure on Thursday, or 2-week peaks.

Following the breakout of the key 200-day SMA (141.80), the cross could now accelerate gains to the 2023 top at 145.56 (March 2). The surpass of this level could motivate the cross to embark on a potential visit to the December 2022 high around 146.70 (December 15).

In the meantime, extra gains remain on the table while the cross trades above the 200-day SMA.

EUR/JPY daily chart