EUR/JPY Price Analysis: Further gains likely on a close above 144.16

EUR/JPY navigates within a narrow range below the 144.00 mark.
A move above the 2023 peak should spark extra upside.

Pablo Piovano FXStreet

EUR/JPY alternates gains with losses in the sub-144.00 region at the beginning of the week.

While the cross looks somewhat side-lined for the time being, a convincing breakout of the 2023 high at 144.16 (February 21) could spark extra strength to, initially, the December 2022 peak at 146.72 (December 15).

In the meantime, while above the 200-day SMA, today at 141.45, the outlook for the cross is expected to remain positive.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	143.8
Today Daily Change	51
Today Daily Change %	-0.06
Today daily open	143.88

Trends
Daily SMA20	142.16
Daily SMA50	141.34
Daily SMA100	143.12
Daily SMA200	141.46

Levels
Previous Daily High	144.01
Previous Daily Low	142.16
Previous Weekly High	144.16
Previous Weekly Low	142.16
Previous Monthly High	142.86
Previous Monthly Low	137.39
Daily Fibonacci 38.2%	143.3
Daily Fibonacci 61.8%	142.86
Daily Pivot Point S1	142.69
Daily Pivot Point S2	141.49
Daily Pivot Point S3	140.83
Daily Pivot Point R1	144.54
Daily Pivot Point R2	145.2
Daily Pivot Point R3	146.4

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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