EUR/JPY Price Analysis: Next on the upside comes the 2022 peak at 133.15

EUR/JPY rose sharply in response to increasing JPY-selling.
Immediately to the upside comes the 2022 high at 133.15.

Pablo Piovano FXStreet

EUR/JPY stages a strong comeback and briefly moved beyond the key barrier at the 133.00 yardstick on Tuesday.

The intense rally in the cross remains unchallenged so far and now targets the 2022 top at 133.15 (February 10) prior to the October 2021 top at 133.48 (October 2).

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

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	132.98
Today Daily Change	147
Today Daily Change %	1.04
Today daily open	131.61

Trends
Daily SMA20	128.91
Daily SMA50	129.75
Daily SMA100	129.66
Daily SMA200	130.01

Levels
Previous Daily High	131.97
Previous Daily Low	131.38
Previous Weekly High	131.92
Previous Weekly Low	127.98
Previous Monthly High	133.15
Previous Monthly Low	127.92
Daily Fibonacci 38.2%	131.61
Daily Fibonacci 61.8%	131.75
Daily Pivot Point S1	131.33
Daily Pivot Point S2	131.06
Daily Pivot Point S3	130.74
Daily Pivot Point R1	131.93
Daily Pivot Point R2	132.25
Daily Pivot Point R3	132.52

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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