EUR/JPY Price Analysis: Next on the upside comes the 143.00 region

EUR/JPY climbs further and retakes the 142.00 mark.
Further gains could see the resistance area around 143.00 revisited.

Pablo Piovano FXStreet

EUR/JPY adds to Friday’s strong bounce and leaves behind the key 142.00 hurdle at the beginning of the week.

A sustainable breakout of the 200-day SMA, today at 140.76, should shift the outlook to a more constructive one and open the door to a probable visit to the key resistance area near 143.00 in the short-term horizon (high December 28, January 11).

On the downside, there is an initial contention around the 138.00 zone for the time being.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	141.69
Today Daily Change	161
Today Daily Change %	0.72
Today daily open	140.68

Trends
Daily SMA20	140.43
Daily SMA50	142.44
Daily SMA100	143.14
Daily SMA200	140.78

Levels
Previous Daily High	141.2
Previous Daily Low	138.91
Previous Weekly High	141.69
Previous Weekly Low	137.92
Previous Monthly High	146.73
Previous Monthly Low	138.8
Daily Fibonacci 38.2%	140.32
Daily Fibonacci 61.8%	139.78
Daily Pivot Point S1	139.33
Daily Pivot Point S2	137.97
Daily Pivot Point S3	137.04
Daily Pivot Point R1	141.62
Daily Pivot Point R2	142.56
Daily Pivot Point R3	143.91

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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