EUR/JPY Price Analysis: Some consolidation looks likely below 150.00

EUR/JPY appears to have embarked on a consolidation phase.
The breakout of 150.00 could put the 2023 high on the radar.

Pablo Piovano FXStreet

EUR/JPY resumes the upside following Friday’s pullback, always below the 150.00 region so far on Monday.

If the cross clears the key round level at 150.00, it could then challenge the 2023 top at 151.61 (May 2).

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 143.36.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	149.31
Today Daily Change	52
Today Daily Change %	0.18
Today daily open	149.04

Trends
Daily SMA20	148.47
Daily SMA50	145.84
Daily SMA100	143.89
Daily SMA200	143.33

Levels
Previous Daily High	149.8
Previous Daily Low	148.72
Previous Weekly High	149.8
Previous Weekly Low	147.22
Previous Monthly High	150.44
Previous Monthly Low	142.55
Daily Fibonacci 38.2%	149.13
Daily Fibonacci 61.8%	149.39
Daily Pivot Point S1	148.57
Daily Pivot Point S2	148.1
Daily Pivot Point S3	147.48
Daily Pivot Point R1	149.65
Daily Pivot Point R2	150.27
Daily Pivot Point R3	150.74

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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