EUR/JPY Price Analysis: Further gains keep targeting 138.30

EUR/JPY adds to Friday’s advance and retakes the 135.00 yardstick.
Further upside needs to clear the 138.30 region in the near term.

Pablo Piovano FXStreet

EUR/JPY extends the recovery further and manages to revisit the area just above 135.00 the figure on Monday.

If the recovery picks up extra pace, then the cross could see the downside mitigated on a close above the May peak at 138.31 (May 9). Surpassing the latter should put a potential visit to the 2022 high at 140.00 (April 21) back on the radar.

In the meantime, while above the 200-day SMA at 131.05, the outlook for the cross is expected to remain constructive.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	134.78
Today Daily Change	130
Today Daily Change %	0.16
Today daily open	134.57

Trends
Daily SMA20	136.98
Daily SMA50	134.58
Daily SMA100	132.34
Daily SMA200	131.05

Levels
Previous Daily High	134.75
Previous Daily Low	133.14
Previous Weekly High	138.32
Previous Weekly Low	132.66
Previous Monthly High	140
Previous Monthly Low	134.3
Daily Fibonacci 38.2%	134.14
Daily Fibonacci 61.8%	133.76
Daily Pivot Point S1	133.56
Daily Pivot Point S2	132.55
Daily Pivot Point S3	131.95
Daily Pivot Point R1	135.17
Daily Pivot Point R2	135.76
Daily Pivot Point R3	136.77

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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