EUR/JPY Price Analysis: Rally Aims for 2023 High at 145.60

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  • EUR/JPY regains some balance and approaches 144.00.
  • The continuation of the bounce could see the yearly high revisited.

He USD/JPY manages to leave behind three consecutive sessions of losses and on Tuesday trades within a short distance of the 144.00 zone.

A further recovery of the cross is expected to find the next major hurdle at the 2023 YTD high at 145.56 (March 2). Breaking above this latter level exposes a probable move towards the December 2022 high at 146.72 (Dec 15).

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As long as it holds above the 200-day SMA at 141.79, the outlook for the cross is expected to remain positive.

EUR/JPY Daily Chart

EUR/JPY Levels


Last Price Today 143.86
Today’s Daily Change 0.93
Today’s Daily Change % 0.65
Today’s Daily Open 142.93
20 Daily SMA 143.88
SMA of 50 Daily 142.01
SMA of 100 Daily 143.06
SMA of 200 Daily 141.81
Previous Daily High 144.39
Minimum Previous Daily 141.37
Previous Weekly High 145.44
Previous Weekly Minimum 143.35
Maximum Prior Monthly 145.47
Minimum Prior Monthly 139.55
Daily Fibonacci 38.2% 142.52
Daily Fibonacci 61.8% 143.24
Daily Pivot Point S1 141.4
Daily Pivot Point S2 139.87
Daily Pivot Point S3 138.38
Daily Pivot Point R1 144.43
Daily Pivot Point R2 145.92
Daily Pivot Point R3 147.45
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Source: Fx Street

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