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

EUR/JPY

Panorama
Last Price Today	140.79
Today’s Daily Change	1.15
Today’s Daily Change %	0.82
Today’s Daily Opening	139.64

Trends
20 Daily SMA	137.61
50 Daily SMA	138.38
100 Daily SMA	138.45
200 Daily SMA	134.58

levels
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

Flora

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