EUR/JPY Price Analysis: Next hurdle comes at 144.04

EUR/JPY extends the recovery north of the 140.00 yardstick.
The continuation of the rebound targets the weekly high at 144.04.

Pablo Piovano FXStreet

EUR/JPY adds to Wednesday’s bounce and manages to advance to multi-day peaks near 140.70 on Thursday.

Considering the ongoing price action, further upside should not be ruled out. That said, if the bullish impulse gathers steam, the cross should meet the next up barrier at the weekly top at 144.04 (September 20).

Looking at the longer term, the constructive stance is expected to persist while above the 200-day SMA, today at 135.77.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	140.6
Today Daily Change	135
Today Daily Change %	0.20
Today daily open	140.32

Trends
Daily SMA20	141.77
Daily SMA50	139.13
Daily SMA100	139.26
Daily SMA200	135.76

Levels
Previous Daily High	140.4
Previous Daily Low	138.06
Previous Weekly High	144.04
Previous Weekly Low	138.67
Previous Monthly High	139.73
Previous Monthly Low	133.4
Daily Fibonacci 38.2%	139.5
Daily Fibonacci 61.8%	138.95
Daily Pivot Point S1	138.78
Daily Pivot Point S2	137.25
Daily Pivot Point S3	136.45
Daily Pivot Point R1	141.12
Daily Pivot Point R2	141.93
Daily Pivot Point R3	143.46

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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