EUR/JPY Price Analysis: More sustained gains need to clear 151.00

EUR/JPY adds to Wednesday’s uptick and revisits the 150.00 region.
Further upside targets the 151.00 mark and beyond.

Pablo Piovano FXStreet

EUR/JPY pushes higher and manages to revisit the key 150.00 zone on Thursday.

In case gains accelerate, there is an immediate hurdle at the so far monthly high at 150.19 (June 5). The surpass of this level could put the weekly top at 151.07 (May 29) back on the radar, while a convincing breakout of the latter exposes a probable move to the 2023 peak at 151.61 (May 2).

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 144.16.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	149.9
Today Daily Change	46
Today Daily Change %	-0.01
Today daily open	149.91

Trends
Daily SMA20	149.27
Daily SMA50	147.84
Daily SMA100	145.16
Daily SMA200	144.14

Levels
Previous Daily High	150.02
Previous Daily Low	148.63
Previous Weekly High	151.07
Previous Weekly Low	148.59
Previous Monthly High	151.62
Previous Monthly Low	146.14
Daily Fibonacci 38.2%	149.49
Daily Fibonacci 61.8%	149.16
Daily Pivot Point S1	149.02
Daily Pivot Point S2	148.14
Daily Pivot Point S3	147.64
Daily Pivot Point R1	150.41
Daily Pivot Point R2	150.91
Daily Pivot Point R3	151.8

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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