EUR/JPY Price Analysis: Further upside could revisit 141.00

EUR/JPY clinches new 2022 highs past 140.00.
The continuation of the uptrend could see 141.05 retested.

Pablo Piovano FXStreet

EUR/JPY prints new cycle highs past the 140.00 mark at the beginning of the week.

The cross has quickly left behind the 140.00 hurdle and advanced to as high as the 140.60/65 band on Monday, opening the door at the same time for extra gains to, initially, the June 2015 peak at 141.05.

In the meantime, while above the 2-month support line near 135.50, the short-term outlook for the cross should remain bullish.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	140.15
Today Daily Change	79
Today Daily Change %	-0.09
Today daily open	140.27

Trends
Daily SMA20	136.56
Daily SMA50	136.52
Daily SMA100	133.25
Daily SMA200	131.63

Levels
Previous Daily High	140.37
Previous Daily Low	139.47
Previous Weekly High	140.37
Previous Weekly Low	136.38
Previous Monthly High	138.32
Previous Monthly Low	132.66
Daily Fibonacci 38.2%	140.03
Daily Fibonacci 61.8%	139.82
Daily Pivot Point S1	139.71
Daily Pivot Point S2	139.14
Daily Pivot Point S3	138.81
Daily Pivot Point R1	140.6
Daily Pivot Point R2	140.94
Daily Pivot Point R3	141.5

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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