EUR/JPY Price Analysis: Bullish attempts remain capped by 143.00

EUR/JPY adds to Wednesday’s uptick and regains 141.00 and above.
A sustainable move above the 200-day SMA should expose extra gains.

Pablo Piovano FXStreet

EUR/JPY advances for the second session in a row on Thursday, although the initial bull run to the 141.30 region fizzled out rapidly.

While the cross is expected to maintain the side-lined theme in the short term, the 143.00 area remains a solid barrier for bulls. This key resistance zone also appears reinforced by the 100-day SMA, today at 142.90

If the cross breaks above the 200-day SMA at 141.02 on a sustainable fashion, the outlook is expected to shift to a more constructive one.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	140.86
Today Daily Change	91
Today Daily Change %	0.03
Today daily open	140.82

Trends
Daily SMA20	140.67
Daily SMA50	141.62
Daily SMA100	142.93
Daily SMA200	141.04

Levels
Previous Daily High	141.03
Previous Daily Low	140.29
Previous Weekly High	142.34
Previous Weekly Low	139.93
Previous Monthly High	142.86
Previous Monthly Low	137.39
Daily Fibonacci 38.2%	140.75
Daily Fibonacci 61.8%	140.58
Daily Pivot Point S1	140.4
Daily Pivot Point S2	139.98
Daily Pivot Point S3	139.66
Daily Pivot Point R1	141.13
Daily Pivot Point R2	141.45
Daily Pivot Point R3	141.87

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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