EUR/JPY Price Analysis: Next on the upside comes 156.80

EUR/JPY accelerates its upside and records new 2023 peaks.
The next up-barrier is expected not before the 156.80 region.

Pablo Piovano FXStreet

EUR/JPY climbs markedly to new 2023 peaks just above the 153.00 hurdle on Thursday.

The current scenario remains open to extra gains in the short-term horizon. Against that, there are no resistance levels of note until the weekly low recorded in late September 2008 at 156.83, which precedes the key round level at 157.00.

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 144.39.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	152.95
Today Daily Change	158
Today Daily Change %	0.82
Today daily open	151.7

Trends
Daily SMA20	149.93
Daily SMA50	148.49
Daily SMA100	145.64
Daily SMA200	144.39

Levels
Previous Daily High	151.78
Previous Daily Low	150.92
Previous Weekly High	150.44
Previous Weekly Low	148.63
Previous Monthly High	151.62
Previous Monthly Low	146.14
Daily Fibonacci 38.2%	151.45
Daily Fibonacci 61.8%	151.25
Daily Pivot Point S1	151.15
Daily Pivot Point S2	150.61
Daily Pivot Point S3	150.29
Daily Pivot Point R1	152.02
Daily Pivot Point R2	152.33
Daily Pivot Point R3	152.88

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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