EUR/JPY Price Analysis: Extra gains in store near term

EUR/JPY reclaims the area above the 143.00 mark.
Further upside seems likely in the short term.

Pablo Piovano FXStreet

EUR/JPY advances for the third session in a row to multi-day peaks north of the 143.00 mark on Wednesday.

The rebound appears strong and the continuation of this price action should target the 2023 high at 145.56 (March 2) ahead of a potential visit to the December 2022 peak at 146.72 (December 15).

In the meantime, extra losses remain on the cards while the cross trades below the 200-day SMA, today at 141.79.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	143.28
Today Daily Change	124
Today Daily Change %	0.43
Today daily open	142.66

Trends
Daily SMA20	143.46
Daily SMA50	142.17
Daily SMA100	142.76
Daily SMA200	141.82

Levels
Previous Daily High	142.79
Previous Daily Low	140.42
Previous Weekly High	144.96
Previous Weekly Low	139.13
Previous Monthly High	145.47
Previous Monthly Low	139.55
Daily Fibonacci 38.2%	141.89
Daily Fibonacci 61.8%	141.33
Daily Pivot Point S1	141.13
Daily Pivot Point S2	139.59
Daily Pivot Point S3	138.75
Daily Pivot Point R1	143.5
Daily Pivot Point R2	144.33
Daily Pivot Point R3	145.87

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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