EUR/JPY Price Analysis: Further Gains Likely Above 142.00
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- EUR/JPY rebounds from recent tops and trespasses 144.00.
- Extra upside remains on the cards above the 4-month support line.
EUR/JPY manages to leave behind two daily declines in a row and briefly breaks above the 144.00 barrier on Wednesday.
In case bulls push harder, the door could open to a potential test of the weekly high at 146.13 (November 23) in the short-term horizon. While above the 4-month support line near 142.00, the near-term outlook for the cross is expected to remain positive.
In the longer run, the cross should keep the bullish view unaltered above the 200-day SMA, today at 138.96.
EUR/JPY daily chart
(Click on image to enlarge)
EUR/JPY
| OVERVIEW | |
|---|---|
| Today last price | 143.84 |
| Today Daily Change | 93 |
| Today Daily Change % | 0.37 |
| Today daily open | 143.31 |
| TRENDS | |
|---|---|
| Daily SMA20 | 144.95 |
| Daily SMA50 | 144.2 |
| Daily SMA100 | 141.67 |
| Daily SMA200 | 138.93 |
| LEVELS | |
|---|---|
| Previous Daily High | 144.03 |
| Previous Daily Low | 143.02 |
| Previous Weekly High | 146.14 |
| Previous Weekly Low | 143.65 |
| Previous Monthly High | 148.4 |
| Previous Monthly Low | 140.9 |
| Daily Fibonacci 38.2% | 143.4 |
| Daily Fibonacci 61.8% | 143.64 |
| Daily Pivot Point S1 | 142.88 |
| Daily Pivot Point S2 | 142.44 |
| Daily Pivot Point S3 | 141.87 |
| Daily Pivot Point R1 | 143.88 |
| Daily Pivot Point R2 | 144.46 |
| Daily Pivot Point R3 | 144.89 |
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