EUR/JPY Price Analysis: Another Test Of The 2023 Top Looms Closer
- EUR/JPY briefly tests the area beyond the 151.00 yardstick.
- The continuation of the uptrend targets the 2023 peak near 151.60.
EUR/JPY reverses three consecutive sessions with gains and slip back to the boundaries of the 150.00 zone at the beginning of the week.
Further upside appears a plausible near-term scenario, and convincing breakout of the key round level at 150.00 could encourage the cross to dispute the 2023 top at 151.61 (May 2) in the not-so-distant future.
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 143.69.
EUR/JPY daily chart
(Click on image to enlarge)
EUR/JPY
| OVERVIEW | |
|---|---|
| Today last price | 150.28 |
| Today Daily Change | 84 |
| Today Daily Change % | -0.36 |
| Today daily open | 150.82 |
| TRENDS | |
|---|---|
| Daily SMA20 | 148.95 |
| Daily SMA50 | 146.63 |
| Daily SMA100 | 144.4 |
| Daily SMA200 | 143.66 |
| LEVELS | |
|---|---|
| Previous Daily High | 150.94 |
| Previous Daily Low | 149.79 |
| Previous Weekly High | 150.94 |
| Previous Weekly Low | 148.84 |
| Previous Monthly High | 150.44 |
| Previous Monthly Low | 142.55 |
| Daily Fibonacci 38.2% | 150.5 |
| Daily Fibonacci 61.8% | 150.23 |
| Daily Pivot Point S1 | 150.1 |
| Daily Pivot Point S2 | 149.38 |
| Daily Pivot Point S3 | 148.96 |
| Daily Pivot Point R1 | 151.24 |
| Daily Pivot Point R2 | 151.66 |
| Daily Pivot Point R3 | 152.38 |
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