EUR/JPY Price Analysis: Extra gains target the 143.00 zone

EUR/JPY extends the weekly recovery past the 141.00 barrier.
The continuation of the rebound should target the 143.00 region.

Pablo Piovano FXStreet

EUR/JPY reverses Thursday’s pullback and regains the 141.00 mark and beyond at the end of the week.

In light of the ongoing price action, further upside could not be ruled out in the ear term. That said, the immediate target emerges at the weekly high at 142.93 (December 28), which appears underpinned by the vicinity of the 100-day SMA.

The outlook for EUR/JPY is expected to shift to constructive while above the 200-day SMA, today at 140.52.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	141.16
Today Daily Change	122
Today Daily Change %	0.61
Today daily open	140.31

Trends
Daily SMA20	142.13
Daily SMA50	143.68
Daily SMA100	142.89
Daily SMA200	140.53

Levels
Previous Daily High	141.37
Previous Daily Low	139.97
Previous Weekly High	142.94
Previous Weekly Low	140
Previous Monthly High	146.73
Previous Monthly Low	138.8
Daily Fibonacci 38.2%	140.5
Daily Fibonacci 61.8%	140.83
Daily Pivot Point S1	139.73
Daily Pivot Point S2	139.15
Daily Pivot Point S3	138.33
Daily Pivot Point R1	141.13
Daily Pivot Point R2	141.95
Daily Pivot Point R3	142.53

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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