EUR/JPY Price Analysis: Sustained gains seen above 145.67

EUR/JPY adds to the ongoing rally beyond 145.00.
Next on the upside comes the 2023 high near 145.70.

Pablo Piovano FXStreet

EUR/JPY advances for the fourth session in a row and breaks above the key barrier at 145.00 on Tuesday.

The continuation of the recovery should encourage the cross to challenge the 2023 top at 145.67 (March 31). The surpass of this level could put a potential test of the December 2022 high near 146.70 (December 15) back on the radar in the not-so-distant future.

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 141.89.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	145.33
Today Daily Change	55
Today Daily Change %	0.23
Today daily open	145

Trends
Daily SMA20	142.88
Daily SMA50	142.95
Daily SMA100	142.5
Daily SMA200	141.9

Levels
Previous Daily High	145.16
Previous Daily Low	143.8
Previous Weekly High	145.44
Previous Weekly Low	142.55
Previous Monthly High	145.67
Previous Monthly Low	138.83
Daily Fibonacci 38.2%	144.64
Daily Fibonacci 61.8%	144.32
Daily Pivot Point S1	144.15
Daily Pivot Point S2	143.3
Daily Pivot Point S3	142.8
Daily Pivot Point R1	145.5
Daily Pivot Point R2	146
Daily Pivot Point R3	146.85

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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