EUR/JPY Price Analysis: Recovery now targets the 143.00 region

EUR/JPY adds to the weekly rebound and surpasses 140.00.
Next on the upside comes the weekly high near 143.00.

Pablo Piovano FXStreet

EUR/JPY adds to Wednesday’s gains and trespasses the key 140.00 barrier on Thursday.

The cross flirts with the critical 200-day SMA in the mid-140.00s. A sustainable move above the latter should shift the near-term outlook to positive and therefore open the door to extra gains.

Against that, the immediate barrier is then expected at the weekly peak at 142.93 (December 28). This resistance level is also underpinned by the proximity of the 100-day SMA (142.86).

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	140.64
Today Daily Change	113
Today Daily Change %	-0.04
Today daily open	140.69

Trends
Daily SMA20	142.33
Daily SMA50	143.79
Daily SMA100	142.86
Daily SMA200	140.5

Levels
Previous Daily High	140.76
Previous Daily Low	137.88
Previous Weekly High	142.94
Previous Weekly Low	140
Previous Monthly High	146.73
Previous Monthly Low	138.8
Daily Fibonacci 38.2%	139.66
Daily Fibonacci 61.8%	138.98
Daily Pivot Point S1	138.79
Daily Pivot Point S2	136.89
Daily Pivot Point S3	135.9
Daily Pivot Point R1	141.68
Daily Pivot Point R2	142.66
Daily Pivot Point R3	144.56

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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