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EUR/JPY Price Analysis: Immediately to the upside comes 144.00

  • EUR/JPY regains some buying interest after Wednesday’s retracement.
  • Further upside is expected to retarget the 144.00 mark in the near term.

EUR/JPY partially reverses the recent pullback and looks slightly bid above the 143.00 mark on Thursday.

The continuation of the rebound from last week’s lows remains well in place despite Wednesday’s knee-jerk. Against that, if the cross extends the breakout of the weekly top at 144.04 (September 20), it could then dispute the 2022 high at 145.63 (September 12).

In the meantime, while above the key 200-day SMA at 136.10, the constructive outlook for the cross should remain unchanged.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price143.08
Today Daily Change67
Today Daily Change %0.05
Today daily open143.01
 
Trends
Daily SMA20142.21
Daily SMA50139.45
Daily SMA100139.66
Daily SMA200136.07
 
Levels
Previous Daily High144.09
Previous Daily Low142.44
Previous Weekly High142.29
Previous Weekly Low137.38
Previous Monthly High145.64
Previous Monthly Low137.38
Daily Fibonacci 38.2%143.07
Daily Fibonacci 61.8%143.46
Daily Pivot Point S1142.27
Daily Pivot Point S2141.53
Daily Pivot Point S3140.62
Daily Pivot Point R1143.92
Daily Pivot Point R2144.83
Daily Pivot Point R3145.57

Author

Pablo Piovano

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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