EUR/JPY Price Analysis: 142.30 zone will be the next target

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  • EUR/JPY adds to Friday’s small gains below 140.00.
  • The next hurdle to watch is at the 142.30 area.

The EUR/JPY alternate gains with losses around 139.00 after bottoming out at early lows near 138.70 on Monday.

Further gains in the cross are now favored once it breaks past the recent high of 140.74 (Sept 2). Beyond this level, another visit to the weekly high at 142.32 (July 21) should reappear on the horizon before the 2022 high at 144.27 (June 28).

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As long as it is above the 200-day SMA at 134.54, the outlook for the pair should remain constructive.

EUR/JPY daily chart

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Technical levels

EUR/JPY

Panorama
Last Price Today 139.54
Today’s Daily Change -0.04
Today’s Daily Change % -0.03
Today’s Daily Opening 139.58
Trends
20 Daily SMA 137.5
50 Daily SMA 138.46
100 Daily SMA 138.42
200 Daily SMA 134.52
levels
Previous Daily High 140.75
Previous Daily Minimum 139.26
Previous Maximum Weekly 140.75
Previous Weekly Minimum 137.04
Monthly Prior Maximum 139.73
Previous Monthly Minimum 133.4
Daily Fibonacci 38.2% 140.18
Daily Fibonacci 61.8% 139.83
Daily Pivot Point S1 138.98
Daily Pivot Point S2 138.37
Daily Pivot Point S3 137.48
Daily Pivot Point R1 140.47
Daily Pivot Point R2 141.36
Daily Pivot Point R3 141.96

Source: Fx Street

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