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

Joshua

I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.