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

EUR/JPY picks up extra pace and trespasses the 144.00 hurdle.
Extra advance could put the YTD high near 145.60 to the test.

Pablo Piovano FXStreet

EUR/JPY adds to the weekly optimism and extends the strong rebound north of 144.00 the figure on Thursday, or 2-week peaks.

Following the breakout of the key 200-day SMA (141.80), the cross could now accelerate gains to the 2023 top at 145.56 (March 2). The surpass of this level could motivate the cross to embark on a potential visit to the December 2022 high around 146.70 (December 15).

In the meantime, extra gains remain on the table while the cross trades above the 200-day SMA.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	144.23
Today Daily Change	123
Today Daily Change %	0.11
Today daily open	144.07

Trends
Daily SMA20	142.94
Daily SMA50	142.47
Daily SMA100	142.53
Daily SMA200	141.83

Levels
Previous Daily High	144.1
Previous Daily Low	141.79
Previous Weekly High	143.63
Previous Weekly Low	138.83
Previous Monthly High	145.47
Previous Monthly Low	139.55
Daily Fibonacci 38.2%	143.22
Daily Fibonacci 61.8%	142.68
Daily Pivot Point S1	142.54
Daily Pivot Point S2	141.01
Daily Pivot Point S3	140.23
Daily Pivot Point R1	144.85
Daily Pivot Point R2	145.63
Daily Pivot Point R3	147.16

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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