EUR/JPY Price Analysis: Gains remain limited around 151.00

EUR/JPY adds to Monday’s pullback and breaches 149.00.
Occasional bullish attempts should meet a tough barrier near 151.00.

Pablo Piovano FXStreet

EUR/JPY corrects further south and retreats to the sub-149.00 region on Tuesday.

In case bulls regain the initiative, there is an immediate hurdle at the so far monthly high at 150.19 (June 5). The convincing surpass of this level could put the weekly top at 151.07 (May 29) back on the radar prior to the 2023 peak at 151.61 (May 2).

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 144.05.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	149.04
Today Daily Change	87
Today Daily Change %	-0.33
Today daily open	149.54

Trends
Daily SMA20	149.1
Daily SMA50	147.58
Daily SMA100	144.94
Daily SMA200	144.04

Levels
Previous Daily High	150.2
Previous Daily Low	149.23
Previous Weekly High	151.07
Previous Weekly Low	148.59
Previous Monthly High	151.62
Previous Monthly Low	146.14
Daily Fibonacci 38.2%	149.6
Daily Fibonacci 61.8%	149.83
Daily Pivot Point S1	149.12
Daily Pivot Point S2	148.69
Daily Pivot Point S3	148.15
Daily Pivot Point R1	150.08
Daily Pivot Point R2	150.62
Daily Pivot Point R3	151.05

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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