EUR/JPY Price Analysis: Further Gains Likely On A Close Above 144.16

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  • EUR/JPY navigates within a narrow range below the 144.00 mark.
  • A move above the 2023 peak should spark extra upside.

EUR/JPY alternates gains with losses in the sub-144.00 region at the beginning of the week.

While the cross looks somewhat side-lined for the time being, a convincing breakout of the 2023 high at 144.16 (February 21) could spark extra strength to, initially, the December 2022 peak at 146.72 (December 15).

In the meantime, while above the 200-day SMA, today at 141.45, the outlook for the cross is expected to remain positive.
 

EUR/JPY daily chart

(Click on image to enlarge)

EUR/JPY

OVERVIEW
Today last price 143.8
Today Daily Change 51
Today Daily Change % -0.06
Today daily open 143.88
TRENDS
Daily SMA20 142.16
Daily SMA50 141.34
Daily SMA100 143.12
Daily SMA200 141.46
LEVELS
Previous Daily High 144.01
Previous Daily Low 142.16
Previous Weekly High 144.16
Previous Weekly Low 142.16
Previous Monthly High 142.86
Previous Monthly Low 137.39
Daily Fibonacci 38.2% 143.3
Daily Fibonacci 61.8% 142.86
Daily Pivot Point S1 142.69
Daily Pivot Point S2 141.49
Daily Pivot Point S3 140.83
Daily Pivot Point R1 144.54
Daily Pivot Point R2 145.2
Daily Pivot Point R3 146.4

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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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