EUR/JPY Price Analysis: Further upside targets 148.00 and above

EUR/JPY extends the rally to the boundaries of 148.00
Further up could see the 2022 high at 148.40 revisited.

Pablo Piovano FXStreet

EUR/JPY keeps the upside bias well in place and trades closer to the key 148.00 mark on Thursday.

Considering the ongoing price action, further gains in the cross remain in store for the time being. That said, the continuation of the upside momentum could extend further and challenge the 2022 peak at 148.40 (October 21) sooner rather than later.

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.20.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	147.63
Today Daily Change	54
Today Daily Change %	0.03
Today daily open	147.59

Trends
Daily SMA20	144.55
Daily SMA50	143.72
Daily SMA100	142.67
Daily SMA200	142.2

Levels
Previous Daily High	147.86
Previous Daily Low	147.04
Previous Weekly High	147.16
Previous Weekly Low	143.8
Previous Monthly High	145.67
Previous Monthly Low	138.83
Daily Fibonacci 38.2%	147.55
Daily Fibonacci 61.8%	147.36
Daily Pivot Point S1	147.14
Daily Pivot Point S2	146.68
Daily Pivot Point S3	146.32
Daily Pivot Point R1	147.95
Daily Pivot Point R2	148.32
Daily Pivot Point R3	148.77

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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