EUR/JPY Price Analysis: Further gains could revisit the 2023 high

EUR/JPY reclaims the area above 155.00 on Friday.
Next on the upside comes the YTD high near 158.00.

Pablo Piovano FXStreet

EUR/JPY climbs to 4-day highs north of the 155.00 hurdle at the end of the week.

In the meantime, the cross keeps the recovery mode in place and the continuation of the uptrend carries the potential to challenge the so far 2023 peak in the boundaries of 158.00 the figure (June 29).

So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 145.88.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	155.57
Today Daily Change	162
Today Daily Change %	0.38
Today daily open	154.98

Trends
Daily SMA20	156.18
Daily SMA50	152.05
Daily SMA100	148.48
Daily SMA200	145.78

Levels
Previous Daily High	155.13
Previous Daily Low	153.88
Previous Weekly High	157.96
Previous Weekly Low	155.38
Previous Monthly High	158
Previous Monthly Low	148.62
Daily Fibonacci 38.2%	153.86
Daily Fibonacci 61.8%	154.12
Daily Pivot Point S1	153.51
Daily Pivot Point S2	152.91
Daily Pivot Point S3	152.4
Daily Pivot Point R1	154.63
Daily Pivot Point R2	155.15
Daily Pivot Point R3	155.75

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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