EUR/JPY Price Analysis: The bounce looks good and solid

EUR/JPY hits multi-session highs above 146.00.
Higher up is the monthly high just above 147.00.

EUR/JPY extends weekly bounce and pushes towards multi-session highs above the 146.00 zone on Wednesday.

So far, the corrective bounce appears to be in place and the cross should face initial resistance at the November high at 147.11 (9 Nov). Above the latter, the door could open for a more significant move towards the 2022 high at 148.40 (21 Oct).

Longer-term, as long as it is above the key 200 SMA at 138.62, the positive outlook is expected to hold.

EUR/JPY day chart

USD/JPY

Overview
Last price today	145.97
Today I change daily	74
Today’s daily change in %	0.36
today’s daily opening	145.45

Trends
daily SMA20	145.58
daily SMA50	144.11
daily SMA100	141.36
daily SMA200	138.59

levels
previous daily high	145.72
previous daily low	144.9
Previous Weekly High	145.55
previous weekly low	143.35
Previous Monthly High	148.4
Previous monthly minimum	140.9
Daily Fibonacci of 38.2%	145.21
Daily Fibonacci of 61.8%	145.4
Daily Pivot Point S1	144.99
Daily Pivot Point S2	144.53
Daily Pivot Point S3	144.17
Daily Pivot Point R1	145.81
Daily Pivot Point R2	146.17
Daily Pivot Point R3	146.63

Source: Fx Street

Joshua

I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.