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.

Pablo Piovano FXStreet

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 price	143.84
Today Daily Change	93
Today Daily Change %	0.37
Today daily open	143.31

Trends
Daily SMA20	144.95
Daily SMA50	144.2
Daily SMA100	141.67
Daily SMA200	138.93

Levels
Previous Daily High	144.03
Previous Daily Low	143.02
Previous Weekly High	146.14
Previous Weekly Low	143.65
Previous Monthly High	148.4
Previous Monthly Low	140.9
Daily Fibonacci 38.2%	143.4
Daily Fibonacci 61.8%	143.64
Daily Pivot Point S1	142.88
Daily Pivot Point S2	142.44
Daily Pivot Point S3	141.87
Daily Pivot Point R1	143.88
Daily Pivot Point R2	144.46
Daily Pivot Point R3	144.89

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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