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EUR/JPY Price Analysis: Further gains likely above 142.00

  • EUR/JPY rebounds from recent tops and trespasses 144.00.
  • Extra upside remains on the cards above the 4-month support line.

EUR/JPY manages to leave behind two daily declines in a row and briefly breaks above the 144.00 barrier on Wednesday.

In case bulls push harder,  the door could open to a potential test of the weekly high at 146.13 (November 23) in the short-term horizon. While above the 4-month support line near 142.00, the near-term outlook for the cross is expected to remain positive.

In the longer run, the cross should keep the bullish view unaltered above the 200-day SMA, today at 138.96.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price143.84
Today Daily Change93
Today Daily Change %0.37
Today daily open143.31
 
Trends
Daily SMA20144.95
Daily SMA50144.2
Daily SMA100141.67
Daily SMA200138.93
 
Levels
Previous Daily High144.03
Previous Daily Low143.02
Previous Weekly High146.14
Previous Weekly Low143.65
Previous Monthly High148.4
Previous Monthly Low140.9
Daily Fibonacci 38.2%143.4
Daily Fibonacci 61.8%143.64
Daily Pivot Point S1142.88
Daily Pivot Point S2142.44
Daily Pivot Point S3141.87
Daily Pivot Point R1143.88
Daily Pivot Point R2144.46
Daily Pivot Point R3144.89

Author

Pablo Piovano

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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