EUR/JPY Price Analysis: No changes to the upside target

EUR/JPY adds to Thursday’s gains and approaches 158.00.
Next on the upside for bulls emerges the 160.00 yardstick.

Pablo Piovano FXStreet

EUR/JPY picks up extra pace and flirts with the key hurdle at 158.00 the figure at the end of the week.

If the move higher gathers extra impulse, the cross should challenge recent 2023 peaks near 159.50 (August 22) ahead of the key round level at 160.00. The surpass of the latter should not see any resistance level of note until the 2008 high at 169.96 (July 23)

So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 147.64.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	157.74
Today Daily Change	60
Today Daily Change %	0.04
Today daily open	157.67

Trends
Daily SMA20	157.69
Daily SMA50	156.74
Daily SMA100	152.71
Daily SMA200	147.61

Levels
Previous Daily High	158.05
Previous Daily Low	157.11
Previous Weekly High	159.34
Previous Weekly Low	157.66
Previous Monthly High	158.05
Previous Monthly Low	151.41
Daily Fibonacci 38.2%	157.69
Daily Fibonacci 61.8%	157.47
Daily Pivot Point S1	157.17
Daily Pivot Point S2	156.67
Daily Pivot Point S3	156.23
Daily Pivot Point R1	158.11
Daily Pivot Point R2	158.54
Daily Pivot Point R3	159.04

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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