EUR/JPY Price Analysis: Next on the upside comes the 2022 high

EUR/JPY adds to Tuesday’s advance above 135.00.
Immediately to the upside comes the YTD high at 137.54.

Pablo Piovano FXStreet

EUR/JPY extends the rebound from weekly lows in the 134.30 zone and retakes the 135.00 mark and above.

The underlying upside momentum in the cross remains unchanged for the time being. However, EUR/JPY could attempt to consolidate before resuming the uptrend. That said, the next hurdle remains at the 2022 high at 137.54 (March 28) prior to a probable visit to the August 2015 peak at 138.99 (August 15) and ahead of the round level at 140.00.

In the meantime, while above the 200-day SMA at 130.14, the outlook for the cross is expected to remain constructive.

EUR/JPY daily charts

EUR/JPY

Overview
Today last price	135.24
Today Daily Change	63
Today Daily Change %	0.32
Today daily open	134.81

Trends
Daily SMA20	132.56
Daily SMA50	130.82
Daily SMA100	130.08
Daily SMA200	130.16

Levels
Previous Daily High	135.13
Previous Daily Low	134.3
Previous Weekly High	137.54
Previous Weekly Low	134
Previous Monthly High	137.54
Previous Monthly Low	124.39
Daily Fibonacci 38.2%	134.81
Daily Fibonacci 61.8%	134.62
Daily Pivot Point S1	134.36
Daily Pivot Point S2	133.91
Daily Pivot Point S3	133.53
Daily Pivot Point R1	135.19
Daily Pivot Point R2	135.58
Daily Pivot Point R3	136.03

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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