EUR/JPY Price Analysis: Pointing to more consolidation

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  • EUR/JPY maintains erratic performance above 143.00 on Monday.
  • Next to the upside are cycle highs beyond 145.00.

EUR/JPY is still not moving in a clear direction with some firmness above 143.00 at the start of the week.

The price action around the cross remains inconclusive at the moment and it would not be surprising to see this stance extended in the coming sessions. That said, a break above the upper bound of the range will expose the 2022 highs around 145.60, while the 139.00 area – where the 55 and 100 SMAs meet – should offer initial containment.

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In the meantime, if it remains above the 200 SMA at 135.30, the outlook for the cross should remain constructive.

EUR/JPY day chart

EUR/JPY

Panorama
Last Price Today 143.42
Today’s Daily Change 0.21
Today’s Daily Change % 0.15
Today’s Daily Opening 143.21
Trends
20 Daily SMA 140.49
50 Daily SMA 138.9
100 Daily SMA 138.98
200 Daily SMA 135.27
levels
Previous Daily High 143.58
Previous Daily Minimum 142.51
Previous Maximum Weekly 145.64
Previous Weekly Minimum 142.3
Monthly Prior Maximum 139.73
Previous Monthly Minimum 133.4
Daily Fibonacci 38.2% 142.92
Daily Fibonacci 61.8% 143.17
Daily Pivot Point S1 142.62
Daily Pivot Point S2 142.04
Daily Pivot Point S3 141.56
Daily Pivot Point R1 143.69
Daily Pivot Point R2 144.16
Daily Pivot Point R3 144.75

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Source: Fx Street

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