EUR/JPY Price Analysis: Constructive outlook above the 200-day SMA

  • EUR/JPY loses some bullish momentum around 143.20.
  • For now, the rally seems likely to continue above 141.81.

He USD/JPY It leaves Wednesday’s unresolved price action behind and advances beyond the 143.00 barrier, where it has found decent resistance so far.

Despite the fact that the weekly rebound appears to have petered out, further gains should not be ruled out. Conversely, the 2023 high at 145.56 (March 2) is shaping up to be the next target to watch before a possible visit to the December 2022 high at 146.72 (Dec 15).

Meanwhile, further gains are expected as the cross trades above the 200-day SMA at 141.81 today.

EUR/JPY daily chart

USD/JPY

Overview
Last price today 142.86
Today I change daily 102
today’s daily variation 0.11
today’s daily opening 142.71
Trends
daily SMA20 143.44
daily SMA50 142.17
daily SMA100 142.73
daily SMA200 141.83
levels
previous daily high 143.63
previous daily low 142.3
Previous Weekly High 144.96
previous weekly low 139.13
Previous Monthly High 145.47
Previous monthly minimum 139.55
Fibonacci daily 38.2 143.12
Fibonacci 61.8% daily 142.81
Daily Pivot Point S1 142.13
Daily Pivot Point S2 141.56
Daily Pivot Point S3 140.81
Daily Pivot Point R1 143.46
Daily Pivot Point R2 144.2
Daily Pivot Point R3 144.78

Source: Fx Street

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