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EUR/JPY Price Analysis: The 162.00 mark looms closer

  • EUR/JPY prints fresh tops near 161.70 on Thursday.
  • Extra gains could advance to the 2008 top near 170.00.

EUR/JPY struggles to advance further despite printing new YTD peaks in the 161.70/75 band on Thursday.

Further upside appears well on the cards for the cross in the short-term horizon. Against that, the surpass of the 2023 high of 161.74 (November 9) is expected to face the next significant resistance level not before the 2008 top of 169.96 (July 23)

So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 152.03.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price161.56
Today Daily Change30
Today Daily Change %-0.10
Today daily open161.72
 
Trends
Daily SMA20159.1
Daily SMA50158.22
Daily SMA100157.63
Daily SMA200151.97
 
Levels
Previous Daily High161.73
Previous Daily Low160.7
Previous Weekly High160.85
Previous Weekly Low157.7
Previous Monthly High160.85
Previous Monthly Low154.39
Daily Fibonacci 38.2%161.34
Daily Fibonacci 61.8%161.09
Daily Pivot Point S1161.04
Daily Pivot Point S2160.35
Daily Pivot Point S3160
Daily Pivot Point R1162.07
Daily Pivot Point R2162.42
Daily Pivot Point R3163.1

Author

Pablo Piovano

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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