EUR/JPY Price Analysis: Extra advance now targets the 2014 high near 150.00

• EUR/JPY comes under pressure after hitting new 2022 peaks.
• The continuation of the upside could see the 2014 high revisited.

EUR/JPY prints new YTD tops in the 144.30/35 band on Thursday, although gives away some gains afterwards.

Extra gains in the cross appear well favoured for the time being. The next target, however, is not expected to emerge until the 2014 high at 149.78 (December 8).

While above the 200-day SMA at 134.82, the prospects for the pair should remain constructive.

Of note, however, is the current overbought condition of EUR/JPY, which could spark a technical drop in the near term.

EUR/JPY daily chart