EUR/JPY Price Analysis: Interim Top Above 144.00?

red and blue light streaks

 Photo by Maxim Hopman on Unsplash
 

  • EUR/JPY reverses two consecutive daily pullbacks on Friday.
  • Further gains seen above the 2023 high past 144.00.

EUR/JPY manages to rebound from earlier multi-session lows near 142.00 and returns to positive territory at the end of the week.

While the cross looks somewhat side-lined for the time being, a convincing breakout of 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 141.41, 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 143.25
Today Daily Change 114
Today Daily Change % 0.34
Today daily open 142.76
TRENDS
Daily SMA20 142.02
Daily SMA50 141.36
Daily SMA100 143.1
Daily SMA200 141.41
LEVELS
Previous Daily High 143.52
Previous Daily Low 142.56
Previous Weekly High 143.67
Previous Weekly Low 140.19
Previous Monthly High 142.86
Previous Monthly Low 137.39
Daily Fibonacci 38.2% 142.93
Daily Fibonacci 61.8% 143.15
Daily Pivot Point S1 142.38
Daily Pivot Point S2 141.99
Daily Pivot Point S3 141.42
Daily Pivot Point R1 143.33
Daily Pivot Point R2 143.9
Daily Pivot Point R3 144.29

More By This Author:

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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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