EUR/JPY Price Analysis: Room for extra gains

EUR/JPY clinches fresh tops near 148.60 on Tuesday.
Next of note on the upside comes the 150.00 yardstick.

Pablo Piovano FXStreet

EUR/JPY corrects lower following the move to fresh highs in the 148.60/65 band, an area last seen back in later December 2014.

The underlying strong upside momentum in the cross appears so far unabated despite the ongoing knee-jerk. Further north of recent tops at 148.63 (April 25), the cross could embark on a potential visit to the key 150.00 mark in the not-so-distant future.

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.31.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	147.79
Today Daily Change	102
Today Daily Change %	-0.34
Today daily open	148.29

Trends
Daily SMA20	145.48
Daily SMA50	144.11
Daily SMA100	142.83
Daily SMA200	142.32

Levels
Previous Daily High	148.47
Previous Daily Low	147.12
Previous Weekly High	147.86
Previous Weekly Low	146.4
Previous Monthly High	145.67
Previous Monthly Low	138.83
Daily Fibonacci 38.2%	147.96
Daily Fibonacci 61.8%	147.64
Daily Pivot Point S1	147.45
Daily Pivot Point S2	146.61
Daily Pivot Point S3	146.1
Daily Pivot Point R1	148.8
Daily Pivot Point R2	149.31
Daily Pivot Point R3	150.15

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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