EUR/JPY Price Analysis: Next on the upside comes 145.32

EUR/JPY extends the march above the 142.00 yardstick.
Further upside now targets the 2015 high beyond 145.00.

Pablo Piovano FXStreet

EUR/JPY keeps the march north well in place for yet another session and prints new cycle highs past 142.00 the figure on Tuesday.

The cross briefly probed the area just above the 142.00 yardstick and opened the door to the continuation of the rally in the very near term. That said, there are no relevant hurdles until the 2015 high at 145.32 (January 2) ahead of the 2014 peak at 149.78 (December 8).

In the meantime, while above the 2-month support line near 135.75, the short-term outlook for the cross should remain bullish.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	141.73
Today Daily Change	206
Today Daily Change %	0.46
Today daily open	141.08

Trends
Daily SMA20	136.73
Daily SMA50	136.62
Daily SMA100	133.35
Daily SMA200	131.69

Levels
Previous Daily High	141.13
Previous Daily Low	139.84
Previous Weekly High	140.37
Previous Weekly Low	136.38
Previous Monthly High	138.32
Previous Monthly Low	132.66
Daily Fibonacci 38.2%	140.64
Daily Fibonacci 61.8%	140.33
Daily Pivot Point S1	140.24
Daily Pivot Point S2	139.4
Daily Pivot Point S3	138.95
Daily Pivot Point R1	141.52
Daily Pivot Point R2	141.97
Daily Pivot Point R3	142.81

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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