EUR/JPY Price Analysis: More upside likely to break above 140.00

  • EUR/JPY rises and visits area near 140.00.
  • Beyond 140.00, the cross should challenge 141.05.

EUR/JPY continues to rally solidly and trades close to this year’s peak of 140.00 (April 21).

Breaking above the 2022 peak should prompt the cross to shift its attention to the June 2015 high at 141.05.

In the meantime, if it remains above the two-month support line near 135.30, the short-term outlook for the cross should remain bullish.

EUR/JPY day chart

eurjpy

EUR/JPY

Panorama
Last Price Today 139.6
Today’s Daily Change 0.04
Today’s Daily Change % 0.03
Today’s Daily Opening 139.56
Trends
20 Daily SMA 136.42
50 Daily SMA 136.39
100 Daily SMA 133.15
200 Daily SMA 131.58
levels
Previous Daily High 139.62
Previous Daily Minimum 138.39
Previous Maximum Weekly 136.8
Previous Weekly Minimum 134.66
Monthly Prior Maximum 138.32
Previous Monthly Minimum 132.66
Daily Fibonacci 38.2% 139.15
Daily Fibonacci 61.8% 138.86
Daily Pivot Point S1 138.76
Daily Pivot Point S2 137.96
Daily Pivot Point S3 137.53
Daily Pivot Point R1 139.99
Daily Pivot Point R2 140.42
Daily Pivot Point R3 141.22

Source: Fx Street

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