EUR/JPY Price Analysis: Initial barrier emerges at 150.00

EUR/JPY retests once again the key barrier around 150.00.
Further up emerges the 2023 high around 151.60.

Pablo Piovano FXStreet

EUR/JPY comes under fresh downside pressure soon after hitting the 150.00 region on Tuesday.

A convincing breakout of the key round level at 150.00 could encourage the cross to dispute the 2023 top at 151.61 (May 2) in the short-term horizon.

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 143.43.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	149.27
Today Daily Change	88
Today Daily Change %	-0.40
Today daily open	149.87

Trends
Daily SMA20	148.55
Daily SMA50	145.98
Daily SMA100	143.99
Daily SMA200	143.4

Levels
Previous Daily High	149.93
Previous Daily Low	148.84
Previous Weekly High	149.8
Previous Weekly Low	147.22
Previous Monthly High	150.44
Previous Monthly Low	142.55
Daily Fibonacci 38.2%	149.51
Daily Fibonacci 61.8%	149.25
Daily Pivot Point S1	149.16
Daily Pivot Point S2	148.46
Daily Pivot Point S3	148.08
Daily Pivot Point R1	150.25
Daily Pivot Point R2	150.63
Daily Pivot Point R3	151.34

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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