EUR/JPY Price Analysis: Further consolidation in the pipeline

EUR/JPY pierces the key barrier at 150.00 on Thursday.
Further north emerges the 2023 peak near 151.60.

Pablo Piovano FXStreet

EUR/JPY fades part of Wednesday’s marked uptick and keeps the trade close to the key hurdle at 150.00 on Thursday.

While the likeliness of further consolidation appears a plausible near-term scenario, a convincing breakout of the key round level at 150.00 could encourage the cross to dispute the 2023 top at 151.61 (May 2) in the not-so-distant future.

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 143.55.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	149.66
Today Daily Change	77
Today Daily Change %	-0.17
Today daily open	149.92

Trends
Daily SMA20	148.79
Daily SMA50	146.26
Daily SMA100	144.2
Daily SMA200	143.53

Levels
Previous Daily High	149.94
Previous Daily Low	148.84
Previous Weekly High	149.8
Previous Weekly Low	147.22
Previous Monthly High	150.44
Previous Monthly Low	142.55
Daily Fibonacci 38.2%	149.52
Daily Fibonacci 61.8%	149.26
Daily Pivot Point S1	149.19
Daily Pivot Point S2	148.47
Daily Pivot Point S3	148.1
Daily Pivot Point R1	150.29
Daily Pivot Point R2	150.66
Daily Pivot Point R3	151.39

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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