EUR/JPY Price Analysis: Bets on the upside for a revisit to 142.30

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  • EUR/JPY is under pressure shortly after hitting the 140.00 area.
  • More raises could put 142.32 back on the radar.

EUR/JPY pulls back from recent highs reached in the 140.00 area on Thursday.

Gains from the cross could accelerate once it breaks above the 140.00 zone. Beyond this zone, another test of 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 SMA at 134.42, the outlook for the cross should remain constructive.

EUR/JPY day chart

EUR/JPY

Panorama
Last Price Today 139.42
Today’s Daily Change -0.29
Today’s Daily Change % -0.21
Today’s Daily Opening 139.71
Trends
20 Daily SMA 137.23
50 Daily SMA 138.57
100 Daily SMA 138.36
200 Daily SMA 134.41
levels
Previous Daily High 139.73
Previous Daily Minimum 138.27
Previous Maximum Weekly 137.97
Previous Weekly Minimum 135.52
Monthly Prior Maximum 139.73
Previous Monthly Minimum 133.4
Daily Fibonacci 38.2% 139.17
Daily Fibonacci 61.8% 138.83
Daily Pivot Point S1 138.74
Daily Pivot Point S2 137.77
Daily Pivot Point S3 137.28
Daily Pivot Point R1 140.2
Daily Pivot Point R2 140.7
Daily Pivot Point R3 141.66

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Source: Fx Street

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