EUR/JPY Price Analysis: Immediately to the upside comes 134.00 and above

EUR/JPY extends the upside to the vicinity of 134.00.
Bulls’ immediate target emerges at the 2021 high (134.12).

Pablo Piovano FXStreet

EUR/JPY advances for the third session in a row, although a breakout of 134.00 the figure remains elusive for the time being.

The cross has quickly left behind the previous YTD high beyond 133.00 the figure (March 10), although the subsequent bullish attempt faltered just ahead of the 134.00 mark. The door therefore remains open to a potential visit to the 2021 top at 134.12 (June 1).

In the meantime, while above the 200-day SMA (129.98), the outlook for the cross is expected to remain constructive.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	133.72
Today Daily Change	93
Today Daily Change %	0.29
Today daily open	133.33

Trends
Daily SMA20	129.22
Daily SMA50	129.84
Daily SMA100	129.68
Daily SMA200	130.01

Levels
Previous Daily High	133.9
Previous Daily Low	132.33
Previous Weekly High	131.92
Previous Weekly Low	127.98
Previous Monthly High	133.15
Previous Monthly Low	127.92
Daily Fibonacci 38.2%	133.3
Daily Fibonacci 61.8%	132.93
Daily Pivot Point S1	132.48
Daily Pivot Point S2	131.62
Daily Pivot Point S3	130.91
Daily Pivot Point R1	134.04
Daily Pivot Point R2	134.75
Daily Pivot Point R3	135.61

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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