EUR/JPY Price Analysis: Further recovery targets the 2022 high

EUR/JPY adds to Friday’s gains above 142.00.
Further upside should re-target the 2022 high past 144.00.

Pablo Piovano FXStreet

EUR/JPY extends Friday’s rebound further north of the 142.00 mark at the beginning of the week.

The cross sparked a bounce off last week’s lows in the sub-138.00 zone and the continuation of this move should put a potential challenge of the YTD peak past 144.00 back on the radar sooner rather than later.

That said, the surpass of the 2022 peak at 144.25 (June 8) should lead up to a probable test of the 2015 high at 145.32 (January 2) prior to the 2014 high at 149.78 (December 8).

In the meantime, while above the 3-month support line near 137.15, the short-term outlook for the cross should remain bullish.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	142.06
Today Daily Change	94
Today Daily Change %	0.27
Today daily open	141.68

Trends
Daily SMA20	139.42
Daily SMA50	137.72
Daily SMA100	134.46
Daily SMA200	132.19

Levels
Previous Daily High	141.97
Previous Daily Low	139.4
Previous Weekly High	141.97
Previous Weekly Low	137.93
Previous Monthly High	138.32
Previous Monthly Low	132.66
Daily Fibonacci 38.2%	140.99
Daily Fibonacci 61.8%	140.38
Daily Pivot Point S1	140.06
Daily Pivot Point S2	138.44
Daily Pivot Point S3	137.49
Daily Pivot Point R1	142.64
Daily Pivot Point R2	143.6
Daily Pivot Point R3	145.22

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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