EUR/JPY Price Analysis: Further gains appear in the pipeline

EUR/JPY accelerates gains to new 2023 peaks past 158.00.
Extra upside looks likely in the near term.

Pablo Piovano FXStreet

EUR/JPY advances further and reaches a new 2023 high just above 158.00 the figure at the end of the week.

In the meantime, the cross keeps the recovery mode well in place and the continuation of the uptrend is expected to challenge the key round level at 160.00 sooner rather than later.

So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 146.22.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	157.44
Today Daily Change	246
Today Daily Change %	0.99
Today daily open	155.9

Trends
Daily SMA20	156.36
Daily SMA50	152.99
Daily SMA100	149.17
Daily SMA200	146.19

Levels
Previous Daily High	156.62
Previous Daily Low	155.87
Previous Weekly High	156.67
Previous Weekly Low	153.43
Previous Monthly High	158
Previous Monthly Low	148.62
Daily Fibonacci 38.2%	156.16
Daily Fibonacci 61.8%	156.34
Daily Pivot Point S1	155.64
Daily Pivot Point S2	155.38
Daily Pivot Point S3	154.88
Daily Pivot Point R1	156.39
Daily Pivot Point R2	156.89
Daily Pivot Point R3	157.15

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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