untitled design

EUR/JPY Price Analysis: Increasing bets on a move to 142.00 and beyond

  • EUR/JPY extends bounce past 141.00 mark on Tuesday.
  • Immediately on the upside is the 142.30 area.

EUR/JPY accelerates gains and breaks through the 141.00 barrier to multi-week highs on Tuesday.

Further gains in the cross remain supportive for now with the next target now coming in at the weekly high at 142.32 (July 21) ahead of the 2022 high at 144.27 (June 28).

As long as it is above the 200-day SMA at 134.60, the outlook for the cross should remain constructive.

EUR/JPY day chart


Last Price Today 140.79
Today’s Daily Change 1.15
Today’s Daily Change % 0.82
Today’s Daily Opening 139.64
20 Daily SMA 137.61
50 Daily SMA 138.38
100 Daily SMA 138.45
200 Daily SMA 134.58
Previous Daily High 139.67
Previous Daily Minimum 138.69
Previous Maximum Weekly 140.75
Previous Weekly Minimum 137.04
Monthly Prior Maximum 139.73
Previous Monthly Minimum 133.4
Daily Fibonacci 38.2% 139.3
Daily Fibonacci 61.8% 139.07
Daily Pivot Point S1 139
Daily Pivot Point S2 138.36
Daily Pivot Point S3 138.02
Daily Pivot Point R1 139.98
Daily Pivot Point R2 140.31
Daily Pivot Point R3 140.95

Source: Fx Street

You may also like

Most popular