EUR/JPY Price Analysis: Next on the upside comes the 2022 high at 140.00

EUR/JPY extends the rebound to the 139.00 neighbourhood.
Further upside should now target the YTD peak around 140.00.

Pablo Piovano FXStreet

EUR/JPY pushes higher and advances to new highs in the boundaries of the 139.00 mark on Wednesday.

The cross left behind the May high at 138.30 and is now poised for the continuation of the bounce with the initial target at the 2022 top at 140.00 (April 21).

In the meantime, while above the 2-month support line near 135.00, the short-term outlook for the cross should remain bullish.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	138.68
Today Daily Change	95
Today Daily Change %	0.41
Today daily open	138.12

Trends
Daily SMA20	136.23
Daily SMA50	136.19
Daily SMA100	132.99
Daily SMA200	131.48

Levels
Previous Daily High	138.24
Previous Daily Low	136.8
Previous Weekly High	136.8
Previous Weekly Low	134.66
Previous Monthly High	138.32
Previous Monthly Low	132.66
Daily Fibonacci 38.2%	137.69
Daily Fibonacci 61.8%	137.35
Daily Pivot Point S1	137.2
Daily Pivot Point S2	136.28
Daily Pivot Point S3	135.76
Daily Pivot Point R1	138.64
Daily Pivot Point R2	139.16
Daily Pivot Point R3	140.07

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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