EUR/JPY Price Analysis: Further gains target the 2023 high

EUR/JPY adds to Thursday’s gains and approaches 159.00.
Extra gains look likely in the short-term horizon.

Pablo Piovano FXStreet

EUR/JPY advances further and prints new multi-week tops near the 159.00 barrier at the end of the week.

Considering the ongoing price action, the cross could now challenge the 2023 peak at 159.76 (August 30) in the near term, just ahead of the round level of 160.00.

So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 150.69.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	158.72
Today Daily Change	162
Today Daily Change %	0.13
Today daily open	158.51

Trends
Daily SMA20	157.56
Daily SMA50	157.93
Daily SMA100	156.54
Daily SMA200	150.63

Levels
Previous Daily High	158.93
Previous Daily Low	157.68
Previous Weekly High	158.61
Previous Weekly Low	156.51
Previous Monthly High	158.66
Previous Monthly Low	156.58
Daily Fibonacci 38.2%	158.45
Daily Fibonacci 61.8%	158.16
Daily Pivot Point S1	157.82
Daily Pivot Point S2	157.13
Daily Pivot Point S3	156.57
Daily Pivot Point R1	159.07
Daily Pivot Point R2	159.63
Daily Pivot Point R3	160.32

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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