EUR/JPY Price Analysis: Tough resistance aligns around 148.00

EUR/JPY adds to the pessimism seen in the second half of the week.
The surpass of 148.00 could expose a move to the 2022 high.

Pablo Piovano FXStreet

EUR/JPY extends further the corrective decline after faltering near the 148.00 hurdle earlier in the session.

Despite the ongoing knee-jerk, further gains in the cross remain in store for the time being. That said, the continuation of the upside momentum should challenge 148.00 once again, while the breakout of this level could pave the way for a probable visit to the 2022 peak at 148.40 (October 21).

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.24.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	146.92
Today Daily Change	91
Today Daily Change %	-0.23
Today daily open	147.26

Trends
Daily SMA20	144.83
Daily SMA50	143.84
Daily SMA100	142.72
Daily SMA200	142.24

Levels
Previous Daily High	147.83
Previous Daily Low	147.02
Previous Weekly High	147.16
Previous Weekly Low	143.8
Previous Monthly High	145.67
Previous Monthly Low	138.83
Daily Fibonacci 38.2%	147.33
Daily Fibonacci 61.8%	147.52
Daily Pivot Point S1	146.91
Daily Pivot Point S2	146.56
Daily Pivot Point S3	146.1
Daily Pivot Point R1	147.72
Daily Pivot Point R2	148.18
Daily Pivot Point R3	148.53

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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