EUR/JPY Price Analysis: Bullish Outlook Remains Unchanged

EUR/JPY maintains the needle-like recovery well in place and reaches fresh highs in the proximity of the 147.00 barrier on Thursday.

  • EUR/JPY prints advance to new highs near the 147.00 hurdle.
  • Further gains could now see the 2022 top revisited in the near term.

EUR/JPY maintains the needle-like recovery well in place and reaches fresh highs in the proximity of the 147.00 barrier on Thursday.

In light of the ongoing price action, further gains seem well on the cards for the time being. That said, the next target of note for the cross comes at the 2022 peak at 148.40 (October 21).

So far, further upside looks favored while the cross trades above the 200-day SMA, today at 141.98.
 

EUR/JPY daily chart

(Click on image to enlarge)


EUR/JPY

OVERVIEW
Today last price 146.83
Today Daily Change 76
Today Daily Change % 0.34
Today daily open 146.33
TRENDS
Daily SMA20 143.24
Daily SMA50 143.14
Daily SMA100 142.52
Daily SMA200 141.97
LEVELS
Previous Daily High 146.67
Previous Daily Low 145.79
Previous Weekly High 145.44
Previous Weekly Low 142.55
Previous Monthly High 145.67
Previous Monthly Low 138.83
Daily Fibonacci 38.2% 146.33
Daily Fibonacci 61.8% 146.12
Daily Pivot Point S1 145.85
Daily Pivot Point S2 145.38
Daily Pivot Point S3 144.97
Daily Pivot Point R1 146.73
Daily Pivot Point R2 147.14
Daily Pivot Point R3 147.61

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