EUR/JPY Price Analysis: Next target on the upside is 2022 high above 144.00

EUR/JPY extends the rally beyond 143.00.
The next target is 2022 highs above 144.00.

The EUR/JPY picks up pace and trades higher for the fourth straight session on Wednesday.

Further gains in the cross remain supportive for now, with the next target now emerging at the 2022 high at 144.27 (28 Jun).

As long as it is above the 200-day SMA at 134.68, the outlook for the pair should remain constructive.

EUR/JPY daily chart

Technical levels

EUR/JPY

Panorama
Last Price Today	143.16
Today’s Daily Change	1.75
Today’s Daily Change %	1.24
Today’s Daily Opening	141.41

Trends
20 Daily SMA	137.78
50 Daily SMA	138.35
100 Daily SMA	138.47
200 Daily SMA	134.64

levels
Previous Daily High	141.76
Previous Daily Minimum	139.58
Previous Maximum Weekly	140.75
Previous Weekly Minimum	137.04
Monthly Prior Maximum	139.73
Previous Monthly Minimum	133.4
Daily Fibonacci 38.2%	140.93
Daily Fibonacci 61.8%	140.41
Daily Pivot Point S1	140.07
Daily Pivot Point S2	138.73
Daily Pivot Point S3	137.89
Daily Pivot Point R1	142.25
Daily Pivot Point R2	143.1
Daily Pivot Point R3	144.44

Source: Fx Street

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