EUR/JPY Price Analysis: Further gains likely above the YTD top

EUR/JPY trades on the defensive around 144.00 midweek.
Extra gains appear on the cards once the 2023 peak is cleared.

Pablo Piovano FXStreet

EUR/JPY adds to Tuesday’s decline and revisits the mid-143.00s, where some initial contention appears to have emerged on Wednesday.

In the meantime, a daily close above the 2023 peak at 145.67 (March 31) should encourage the cross to shift its focus to the December 2022 high around 146.70 (December 15) in the near term.

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 141.83.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	144.12
Today Daily Change	86
Today Daily Change %	-0.09
Today daily open	144.25

Trends
Daily SMA20	142.84
Daily SMA50	142.75
Daily SMA100	142.55
Daily SMA200	141.86

Levels
Previous Daily High	145.44
Previous Daily Low	143.96
Previous Weekly High	145.67
Previous Weekly Low	140.57
Previous Monthly High	145.67
Previous Monthly Low	138.83
Daily Fibonacci 38.2%	144.53
Daily Fibonacci 61.8%	144.87
Daily Pivot Point S1	143.66
Daily Pivot Point S2	143.07
Daily Pivot Point S3	142.18
Daily Pivot Point R1	145.14
Daily Pivot Point R2	146.03
Daily Pivot Point R3	146.61

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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