EUR/JPY Price Analysis: Gains could accelerate above 140.50

• EUR/JPY pushes higher and extends the weekly rebound near 140.00.
• Next on the upside comes the resistance line near 140.50.

EUR/JPY advances for the third session in a row and targets the 140.00 barrier on Friday.

Further upside should surpass the 4-month resistance line around 140.50 to allow for the continuation of the current move to, initially, the weekly high at 142.37 (July 5). Beyond the latter, the cross could attempt a visit to the 2022 top at 144.27 (June 28).

In the longer run, the constructive stance in the cross remains well propped up by the 200-day SMA at 133.31.

EUR/JPY daily chart