EUR/JPY Price Analysis: Next target comes in at 131.00

EUR/JPY extends the upside to the 130.80 region.
Next on the upside comes in the YTD tops near 131.00.

Pablo Piovano FXStreet

EUR/JPY adds to the recent recovery and slowly approaches the key 131.00 neighbourhood.

Current price action suggests further consolidation remains well on the cards in the near-term, although a potential break higher seems to have gathered extra steam as of late. That said, the 2021 highs just below 131.00 the figure comes up next ahead of the 2018 high at 131.98 (July 17).

In the meantime, while above the 200-day SMA at 126.13 the broader outlook for the cross should remain constructive.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	130.8
Today Daily Change	27
Today Daily Change %	0.11
Today daily open	130.65

Trends
Daily SMA20	130.21
Daily SMA50	129.48
Daily SMA100	127.95
Daily SMA200	126.16

Levels
Previous Daily High	130.76
Previous Daily Low	130.21
Previous Weekly High	130.97
Previous Weekly Low	129.59
Previous Monthly High	130.67
Previous Monthly Low	128.18
Daily Fibonacci 38.2%	130.55
Daily Fibonacci 61.8%	130.42
Daily Pivot Point S1	130.32
Daily Pivot Point S2	129.99
Daily Pivot Point S3	129.77
Daily Pivot Point R1	130.87
Daily Pivot Point R2	131.09
Daily Pivot Point R3	131.42

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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