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.

Pablo Piovano FXStreet

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

EUR/JPY

Overview
Today last price	150.28
Today Daily Change	84
Today Daily Change %	-0.36
Today daily open	150.82

Trends
Daily SMA20	148.95
Daily SMA50	146.63
Daily SMA100	144.4
Daily SMA200	143.66

Levels
Previous Daily High	150.94
Previous Daily Low	149.79
Previous Weekly High	150.94
Previous Weekly Low	148.84
Previous Monthly High	150.44
Previous Monthly Low	142.55
Daily Fibonacci 38.2%	150.5
Daily Fibonacci 61.8%	150.23
Daily Pivot Point S1	150.1
Daily Pivot Point S2	149.38
Daily Pivot Point S3	148.96
Daily Pivot Point R1	151.24
Daily Pivot Point R2	151.66
Daily Pivot Point R3	152.38

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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