EUR/JPY Price Analysis: Extra gains look likely above 140.00

EUR/JPY pushes higher and visits the boundaries of 140.00.
Beyond 140.00 the cross should challenge 141.05.

Pablo Piovano FXStreet

EUR/JPY keeps the rally well and sound and trades at shouting distance from the YTD peak at 140.00 (April 21).

The surpass of the 2022 peak should motivate the cross to shift its attention to the June 2015 high at 141.05.

In the meantime, while above the 2-month support line near 135.30, the short-term outlook for the cross should remain bullish.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	139.6
Today Daily Change	46
Today Daily Change %	0.03
Today daily open	139.56

Trends
Daily SMA20	136.42
Daily SMA50	136.39
Daily SMA100	133.15
Daily SMA200	131.58

Levels
Previous Daily High	139.62
Previous Daily Low	138.39
Previous Weekly High	136.8
Previous Weekly Low	134.66
Previous Monthly High	138.32
Previous Monthly Low	132.66
Daily Fibonacci 38.2%	139.15
Daily Fibonacci 61.8%	138.86
Daily Pivot Point S1	138.76
Daily Pivot Point S2	137.96
Daily Pivot Point S3	137.53
Daily Pivot Point R1	139.99
Daily Pivot Point R2	140.42
Daily Pivot Point R3	141.22

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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