EUR/JPY Price Analysis: Another test of the 2023 top looms closer

• EUR/JPY briefly tests the area beyond the 151.00 yardstick.
• The continuation of the uptrend targets the 2023 peak near 151.60.

EUR/JPY reverses three consecutive sessions with gains and slip back to the boundaries of the 150.00 zone at the beginning of the week.

Further upside appears a plausible near-term scenario, and convincing breakout of the key round level at 150.00 could encourage the cross to dispute the 2023 top at 151.61 (May 2) in the not-so-distant future.

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 143.69.

EUR/JPY daily chart