EUR/JPY Price Analysis: Next on the upside comes 146.70

• EUR/JPY adds to Monday’s positive price action beyond 145.00.
• The next resistance level emerges around the 146.70 zone.

EUR/JPY picks up further pace following the promising start of the week and advances north of the 145.00 barrier on Tuesday.

A daily close above the 2023 top at 145.67 (March 31) should motivate the cross to shift its focus to the December 2022 top around 146.70 (December 15) in the short-term horizon.

In the meantime, extra gains remain on the table while the cross trades above the 200-day SMA, today at 141.82.

EUR/JPY daily chart