EUR/JPY Price Analysis: Beyond 150.00 comes the 2023 peak

The weekly rally in EUR/JPY remains unabated so far.
Further north of 150.00 emerges the YTD high at 151.61.

Pablo Piovano FXStreet

EUR/JPY maintains the bullish bias for yet another session and approaches the 150.00 barrier at the end of the week.

If the cross clears the key round level at 150.00, it could then embark on a probable move to the 2023 top at 151.61 (May 2).

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 143.29.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	149.56
Today Daily Change	89
Today Daily Change %	0.11
Today daily open	149.4

Trends
Daily SMA20	148.39
Daily SMA50	145.73
Daily SMA100	143.8
Daily SMA200	143.27

Levels
Previous Daily High	149.45
Previous Daily Low	148.78
Previous Weekly High	149.27
Previous Weekly Low	146.14
Previous Monthly High	150.44
Previous Monthly Low	142.55
Daily Fibonacci 38.2%	149.19
Daily Fibonacci 61.8%	149.03
Daily Pivot Point S1	148.96
Daily Pivot Point S2	148.53
Daily Pivot Point S3	148.29
Daily Pivot Point R1	149.64
Daily Pivot Point R2	149.88
Daily Pivot Point R3	150.32

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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