EUR/JPY Price Analysis: Further Upside Targets 148.00 And Above

  • EUR/JPY extends the rally to the boundaries of 148.00
  • Further up could see 2022 high at 148.40 revisited.

EUR/JPY keeps the upside bias well in place and trades closer to the key 148.00 mark on Thursday.

Considering the ongoing price action, further gains in the cross remain in store for the time being. That said, the continuation of the upside momentum could extend further and challenge the 2022 peak at 148.40 (October 21) sooner rather than later.

So far, further upside looks favored while the cross trades above the 200-day SMA, today at 142.20.
 

EUR/JPY daily chart

(Click on image to enlarge)


EUR/JPY

OVERVIEW
Today last price 147.63
Today Daily Change 54
Today Daily Change % 0.03
Today daily open 147.59
TRENDS
Daily SMA20 144.55
Daily SMA50 143.72
Daily SMA100 142.67
Daily SMA200 142.2
LEVELS
Previous Daily High 147.86
Previous Daily Low 147.04
Previous Weekly High 147.16
Previous Weekly Low 143.8
Previous Monthly High 145.67
Previous Monthly Low 138.83
Daily Fibonacci 38.2% 147.55
Daily Fibonacci 61.8% 147.36
Daily Pivot Point S1 147.14
Daily Pivot Point S2 146.68
Daily Pivot Point S3 146.32
Daily Pivot Point R1 147.95
Daily Pivot Point R2 148.32
Daily Pivot Point R3 148.77

More By This Author:

USD Index Comes Under Pressure Below 102.00 Ahead Of Data
USD/JPY Retreats From Tops Above 135.00, Remains Firm On Dollar, Yields
EUR/JPY Price Analysis: Strong Momentum Points To Extra Gains

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 ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.