EUR/JPY Price Analysis: Next on the upside comes the 2023 high

EUR/JPY adds to Friday’s sharp advance past 157.00.
Extra gains now target the 2023 peak just above 158.00.

Pablo Piovano FXStreet

EUR/JPY advances for the second session in a row and surpasses the key 157.00 barrier on Monday.

The continuation of the upside momentum should initially target the 2023 high at 158.04 (July 21). The surpass of this levels exposes a move to the round level of 160.00 in the not-so-distant future.

So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 146.49.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	157.01
Today Daily Change	214
Today Daily Change %	0.96
Today daily open	155.51

Trends
Daily SMA20	155.89
Daily SMA50	153.85
Daily SMA100	149.85
Daily SMA200	146.47

Levels
Previous Daily High	155.61
Previous Daily Low	151.41
Previous Weekly High	157.8
Previous Weekly Low	151.41
Previous Monthly High	158
Previous Monthly Low	148.62
Daily Fibonacci 38.2%	154
Daily Fibonacci 61.8%	153.01
Daily Pivot Point S1	152.75
Daily Pivot Point S2	149.98
Daily Pivot Point S3	148.55
Daily Pivot Point R1	156.95
Daily Pivot Point R2	158.38
Daily Pivot Point R3	161.14

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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