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EUR/JPY Price Analysis: Interim top above 144.00?

  • EUR/JPY reverses two consecutive daily pullbacks on Friday.
  • Further gains seen above the 2023 high past 144.00.

EUR/JPY manages to rebound from earlier multi-session lows near 142.00 and returns to the positive territory at the end of the week.

While the cross looks somewhat side-lined for the time being, a convincing breakout of the 2023 high at 144.16 (February 21) could spark extra strength to, initially, the December 2022 peak at 146.72 (December 15).

In the meantime, while above the 200-day SMA, today at 141.41, the outlook for the cross is expected to remain positive.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price143.25
Today Daily Change114
Today Daily Change %0.34
Today daily open142.76
 
Trends
Daily SMA20142.02
Daily SMA50141.36
Daily SMA100143.1
Daily SMA200141.41
 
Levels
Previous Daily High143.52
Previous Daily Low142.56
Previous Weekly High143.67
Previous Weekly Low140.19
Previous Monthly High142.86
Previous Monthly Low137.39
Daily Fibonacci 38.2%142.93
Daily Fibonacci 61.8%143.15
Daily Pivot Point S1142.38
Daily Pivot Point S2141.99
Daily Pivot Point S3141.42
Daily Pivot Point R1143.33
Daily Pivot Point R2143.9
Daily Pivot Point R3144.29

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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