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.

Pablo Piovano FXStreet

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 price	143.08
Today Daily Change	67
Today Daily Change %	0.05
Today daily open	143.01

Trends
Daily SMA20	142.21
Daily SMA50	139.45
Daily SMA100	139.66
Daily SMA200	136.07

Levels
Previous Daily High	144.09
Previous Daily Low	142.44
Previous Weekly High	142.29
Previous Weekly Low	137.38
Previous Monthly High	145.64
Previous Monthly Low	137.38
Daily Fibonacci 38.2%	143.07
Daily Fibonacci 61.8%	143.46
Daily Pivot Point S1	142.27
Daily Pivot Point S2	141.53
Daily Pivot Point S3	140.62
Daily Pivot Point R1	143.92
Daily Pivot Point R2	144.83
Daily Pivot Point R3	145.57

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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