EUR/JPY Extends Upside Momentum, Aims for 2023 Highs above 150

EUR/JPY continues its upward trajectory after a minor retreat on Friday, remaining below the 150.00 level at the start of the week.

A successful breach of the key psychological barrier at 150.00 could pave the way for a potential test of the 2023 high at 151.61.

From a technical perspective, EUR/JPY demonstrates robust bullish momentum across various timeframes, indicating a favorable environment for further extension of long positions.