EUR/JPY Price Analysis: Next on the upside comes 151.00

EUR/JPY keeps the bid bias well and sound so far this week.
Extra gains now challenge the 151.00 yardstick and above.

Pablo Piovano FXStreet

EUR/JPY extends the weekly rebound and trespasses the key 151.00 mark on Friday.

In case bulls remain in control, there is an immediate hurdle at the weekly top at 151.07 (May 29), while a convincing breakout of this level 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 144.21.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	150.15
Today Daily Change	81
Today Daily Change %	0.25
Today daily open	149.78

Trends
Daily SMA20	149.41
Daily SMA50	147.95
Daily SMA100	145.26
Daily SMA200	144.2

Levels
Previous Daily High	150.04
Previous Daily Low	149.59
Previous Weekly High	151.07
Previous Weekly Low	148.59
Previous Monthly High	151.62
Previous Monthly Low	146.14
Daily Fibonacci 38.2%	149.76
Daily Fibonacci 61.8%	149.87
Daily Pivot Point S1	149.57
Daily Pivot Point S2	149.35
Daily Pivot Point S3	149.11
Daily Pivot Point R1	150.02
Daily Pivot Point R2	150.26
Daily Pivot Point R3	150.48

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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