EUR/JPY Price Analysis: No changes to the bullish stance so far

EUR/JPY advances further and revisits the 157.00 area on Tuesday.
Further advance now focuses on the 2023 high past 158.00.

Pablo Piovano FXStreet

EUR/JPY trades in a positive fashion for the third session in a row and retests the 15700 neighbourhood, or multi-day highs, on Tuesday.

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 146.53.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	156.9
Today Daily Change
Today Daily Change %	0.19
Today daily open	156.61

Trends
Daily SMA20	155.83
Daily SMA50	153.99
Daily SMA100	149.98
Daily SMA200	146.52

Levels
Previous Daily High	157.28
Previous Daily Low	155.11
Previous Weekly High	157.8
Previous Weekly Low	151.41
Previous Monthly High	158.05
Previous Monthly Low	151.41
Daily Fibonacci 38.2%	156.45
Daily Fibonacci 61.8%	155.94
Daily Pivot Point S1	155.38
Daily Pivot Point S2	154.16
Daily Pivot Point S3	153.21
Daily Pivot Point R1	157.56
Daily Pivot Point R2	158.51
Daily Pivot Point R3	159.74

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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