EUR/JPY Price Analysis: Strong momentum points to extra gains

EUR/JPY clinches fresh tops near the 148.00 mark
Immediately to the upside emerges the 2022 high at 148.40.

Pablo Piovano FXStreet

EUR/JPY adds to Tuesday’s advance and approaches the key 148.00 region on Wednesday.

Considering the ongoing price action, further gains in the cross remain in store for the time being. That said, the continuation of the upside momentum could extend further and challenge the 2022 peak at 148.40 (October 21) sooner rather than later.

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.16.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	147.5
Today Daily Change	83
Today Daily Change %	0.24
Today daily open	147.15

Trends
Daily SMA20	144.31
Daily SMA50	143.59
Daily SMA100	142.63
Daily SMA200	142.15

Levels
Previous Daily High	147.38
Previous Daily Low	146.73
Previous Weekly High	147.16
Previous Weekly Low	143.8
Previous Monthly High	145.67
Previous Monthly Low	138.83
Daily Fibonacci 38.2%	147.13
Daily Fibonacci 61.8%	146.98
Daily Pivot Point S1	146.79
Daily Pivot Point S2	146.43
Daily Pivot Point S3	146.14
Daily Pivot Point R1	147.45
Daily Pivot Point R2	147.74
Daily Pivot Point R3	148.1

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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