EUR/JPY Price Analysis: No changes to the (very) bullish outlook

EUR/JPY extends the rally beyond the 154.00 hurdle.
There are no resistance levels of note before the 156.80 region.

Pablo Piovano FXStreet

EUR/JPY marches north at a firmer pace and surpasses the 154.00 yardstick for the first time since September 2008 o Friday.

The current scenario remains open to extra gains in the short-term horizon. Against that, the next up-barrier of certain significance is expected at the weekly top recorded in late September 2008 at 156.83, which precedes the key round level at 157.00.

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 144.45.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	154.36
Today Daily Change	162
Today Daily Change %	0.51
Today daily open	153.58

Trends
Daily SMA20	150.14
Daily SMA50	148.68
Daily SMA100	145.75
Daily SMA200	144.43

Levels
Previous Daily High	153.69
Previous Daily Low	151.62
Previous Weekly High	150.44
Previous Weekly Low	148.63
Previous Monthly High	151.62
Previous Monthly Low	146.14
Daily Fibonacci 38.2%	152.9
Daily Fibonacci 61.8%	152.41
Daily Pivot Point S1	152.24
Daily Pivot Point S2	150.89
Daily Pivot Point S3	150.17
Daily Pivot Point R1	154.31
Daily Pivot Point R2	155.03
Daily Pivot Point R3	156.38

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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