EUR/JPY Price Analysis: Increasing bets for a move to 142.00 and above

EUR/JPY extends the rebound past the 141.00 mark on Tuesday.
Immediately to the upside comes the 142.30 zone.

Pablo Piovano FXStreet

EUR/JPY accelerates gains and trespasses the 141.00 barrier, or multi-week highs, on Tuesday.

Extra gains in the cross remains favoured for the time being, with the next target now emerging at the weekly top at 142.32 (July 21) ahead of the 2022 peak at 144.27 (June 28).

While above the 200-day SMA at 134.60, the prospects for the pair should remain constructive.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	141
Today Daily Change	196
Today Daily Change %	0.97
Today daily open	139.64

Trends
Daily SMA20	137.61
Daily SMA50	138.38
Daily SMA100	138.45
Daily SMA200	134.58

Levels
Previous Daily High	139.67
Previous Daily Low	138.69
Previous Weekly High	140.75
Previous Weekly Low	137.04
Previous Monthly High	139.73
Previous Monthly Low	133.4
Daily Fibonacci 38.2%	139.3
Daily Fibonacci 61.8%	139.07
Daily Pivot Point S1	139
Daily Pivot Point S2	138.36
Daily Pivot Point S3	138.02
Daily Pivot Point R1	139.98
Daily Pivot Point R2	140.31
Daily Pivot Point R3	140.95

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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