EUR/JPY Price Analysis: Further Gains Target The 2023 High

  • EUR/JPY adds to Thursday’s gains and approaches 159.00.
  • Extra gains look likely in the short-term horizon.

EUR/JPY advances further and prints new multi-week tops near the 159.00 barrier at the end of the week.

Considering the ongoing price action, the cross could now challenge the 2023 peak at 159.76 (August 30) in the near term, just ahead of the round level of 160.00.

So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 150.69.
 

EUR/JPY daily chart

(Click on image to enlarge)


EUR/JPY

OVERVIEW
Today last price 158.72
Today Daily Change 162
Today Daily Change % 0.13
Today daily open 158.51
TRENDS
Daily SMA20 157.56
Daily SMA50 157.93
Daily SMA100 156.54
Daily SMA200 150.63
LEVELS
Previous Daily High 158.93
Previous Daily Low 157.68
Previous Weekly High 158.61
Previous Weekly Low 156.51
Previous Monthly High 158.66
Previous Monthly Low 156.58
Daily Fibonacci 38.2% 158.45
Daily Fibonacci 61.8% 158.16
Daily Pivot Point S1 157.82
Daily Pivot Point S2 157.13
Daily Pivot Point S3 156.57
Daily Pivot Point R1 159.07
Daily Pivot Point R2 159.63
Daily Pivot Point R3 160.32

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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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