EUR/JPY Price Analysis: Extra consolidation seems likely

EUR/JPY adds to Friday’s uptick and approaches 145.00.
Next on the upside comes the minor hurdle at 146.13.

Pablo Piovano FXStreet

EUR/JPY extends the recent rebound to the vicinity of the 145.00 neighbourhood at the beginning of the week.

The cross manages to leave behind the earlier pullback to the 143.00 region and now targets the 145.00 zone. The continuation of the bounce exposes a potential test of the weekly high at 146.13 (November 23) in the short term.

In the longer run, while above the key 200-day SMA at 138.83, the positive outlook is expected to remain unchanged.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	144.65
Today Daily Change	178
Today Daily Change %	-0.06
Today daily open	144.74

Trends
Daily SMA20	145.27
Daily SMA50	144.2
Daily SMA100	141.55
Daily SMA200	138.8

Levels
Previous Daily High	145.15
Previous Daily Low	144.08
Previous Weekly High	146.14
Previous Weekly Low	143.65
Previous Monthly High	148.4
Previous Monthly Low	140.9
Daily Fibonacci 38.2%	144.74
Daily Fibonacci 61.8%	144.49
Daily Pivot Point S1	144.17
Daily Pivot Point S2	143.59
Daily Pivot Point S3	143.1
Daily Pivot Point R1	145.24
Daily Pivot Point R2	145.73
Daily Pivot Point R3	146.3

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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