EUR/JPY Price Analysis: Bullish outlook remains unchanged

EUR/JPY prints advances to new highs near the 147.00 hurdle.
Further gains could now see the 2022 top revisited in the near term.

Pablo Piovano FXStreet

EUR/JPY maintains the needle-like recovery well in place and reaches fresh highs in the proximity of the 147.00 barrier on Thursday.

In light of the ongoing price action, further gains seem well on the cards for the time being. That said, the next target of note for the cross comes at the 2022 peak at 148.40 (October 21).

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 141.98.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	146.83
Today Daily Change	76
Today Daily Change %	0.34
Today daily open	146.33

Trends
Daily SMA20	143.24
Daily SMA50	143.14
Daily SMA100	142.52
Daily SMA200	141.97

Levels
Previous Daily High	146.67
Previous Daily Low	145.79
Previous Weekly High	145.44
Previous Weekly Low	142.55
Previous Monthly High	145.67
Previous Monthly Low	138.83
Daily Fibonacci 38.2%	146.33
Daily Fibonacci 61.8%	146.12
Daily Pivot Point S1	145.85
Daily Pivot Point S2	145.38
Daily Pivot Point S3	144.97
Daily Pivot Point R1	146.73
Daily Pivot Point R2	147.14
Daily Pivot Point R3	147.61

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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