EUR/JPY Price Analysis: Extra consolidation on the table

EUR/JPY trades in an inconclusive fashion above 149.00
Further consolidation appears likely for the time being.

Pablo Piovano FXStreet

EUR/JPY keeps the trade below the 150.00 region so far on Wednesday.

In case bulls regain the initiative, there is an immediate hurdle at the so far monthly high at 150.19 (June 5). The convincing surpass of this level could put the weekly top at 151.07 (May 29) back on the radar prior to the 2023 peak at 151.61 (May 2).

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 144.10.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	149.34
Today Daily Change	79
Today Daily Change %	0.02
Today daily open	149.31

Trends
Daily SMA20	149.15
Daily SMA50	147.73
Daily SMA100	145.05
Daily SMA200	144.09

Levels
Previous Daily High	149.72
Previous Daily Low	148.82
Previous Weekly High	151.07
Previous Weekly Low	148.59
Previous Monthly High	151.62
Previous Monthly Low	146.14
Daily Fibonacci 38.2%	149.17
Daily Fibonacci 61.8%	149.38
Daily Pivot Point S1	148.85
Daily Pivot Point S2	148.39
Daily Pivot Point S3	147.96
Daily Pivot Point R1	149.74
Daily Pivot Point R2	150.18
Daily Pivot Point R3	150.64

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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