EUR/JPY Price Analysis: Further gains would trigger a test of 151.00

  • EUR/JPY starts the week in positive territory around 150.00.
  • It is expected to continue rising to the 151.00 zone.

He USD/JPY reverses two consecutive daily pullbacks and regains bullish traction around the 150.00 area on Monday.

Should the bulls remain in control, there is an immediate hurdle at the weekly high at 151.07 (May 29), while a convincing break of this level exposes a probable move towards the 2023 high at 151.61 (May 2). .

For now, the uptrend is in favor, as the cross trades above the 200-day SMA, today at 144.26.

EUR/JPY daily chart

USD/JPY

Overview
Last price today 150.04
Today I change daily 61
today’s daily variation 0.19
today’s daily opening 149.76
Trends
daily SMA20 149.54
daily SMA50 148.06
daily SMA100 145.36
daily SMA200 144.25
levels
previous daily high 150.44
previous daily low 149.64
Previous Weekly High 150.44
previous weekly low 148.63
Previous Monthly High 151.62
Previous monthly minimum 146.14
Fibonacci daily 38.2 149.95
Fibonacci 61.8% daily 150.13
Daily Pivot Point S1 149.45
Daily Pivot Point S2 149.15
Daily Pivot Point S3 148.65
Daily Pivot Point R1 150.25
Daily Pivot Point R2 150.75
Daily Pivot Point R3 151.05

Source: Fx Street

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