EUR/JPY Price Analysis: Some Consolidation Looks Likely Below 150.00

  • EUR/JPY appears to have embarked on a consolidation phase.
  • The breakout of 150.00 could put the 2023 high on the radar.

EUR/JPY resumes the upside following Friday’s pullback, always below the 150.00 region so far on Monday.

If the cross clears the key round level at 150.00, it could then challenge the 2023 top at 151.61 (May 2).

So far, further upside looks favored while the cross trades above the 200-day SMA, today at 143.36.
 

EUR/JPY daily chart

(Click on image to enlarge)


EUR/JPY

OVERVIEW
Today last price 149.31
Today Daily Change 52
Today Daily Change % 0.18
Today daily open 149.04
TRENDS
Daily SMA20 148.47
Daily SMA50 145.84
Daily SMA100 143.89
Daily SMA200 143.33
LEVELS
Previous Daily High 149.8
Previous Daily Low 148.72
Previous Weekly High 149.8
Previous Weekly Low 147.22
Previous Monthly High 150.44
Previous Monthly Low 142.55
Daily Fibonacci 38.2% 149.13
Daily Fibonacci 61.8% 149.39
Daily Pivot Point S1 148.57
Daily Pivot Point S2 148.1
Daily Pivot Point S3 147.48
Daily Pivot Point R1 149.65
Daily Pivot Point R2 150.27
Daily Pivot Point R3 150.74

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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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