EUR/JPY Price Analysis: Next up-barrier emerges at the 2022 peak

EUR/JPY remains well bid and trades close to the 147.00 region on Friday.
The next target of note comes at the 2022 peak above 148.00.

Pablo Piovano FXStreet

The bid bias in EUR/JPY remains well and sound for yet another session at the end of the week.

Considering the ongoing price action, further gains in the cross remain in the pipeline for the time being. That said, the continuation of the upside momentum could extend further and challenge the 2022 peak at 148.40 (October 21) sooner rather than later.

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.02.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	146.54
Today Daily Change	47
Today Daily Change %	0.05
Today daily open	146.46

Trends
Daily SMA20	143.47
Daily SMA50	143.25
Daily SMA100	142.54
Daily SMA200	142.01

Levels
Previous Daily High	146.88
Previous Daily Low	146.08
Previous Weekly High	145.44
Previous Weekly Low	142.55
Previous Monthly High	145.67
Previous Monthly Low	138.83
Daily Fibonacci 38.2%	146.58
Daily Fibonacci 61.8%	146.39
Daily Pivot Point S1	146.06
Daily Pivot Point S2	145.67
Daily Pivot Point S3	145.26
Daily Pivot Point R1	146.87
Daily Pivot Point R2	147.28
Daily Pivot Point R3	147.68

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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