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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Disclosure: Information on this article contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes ...

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