EUR/JPY Price Analysis: The intermediate hurdle is now at 146.13

EUR/JPY pulls back three straight daily reversals on Friday.
The next level up is the weekly high above 146.13.

EUR/JPY bounces off weekly lows and regains some composure above the 145.00 barrier by the end of the week.

Considering the ongoing bounce, the cross is now facing intermediate resistance at the weekly high of 146.13 (23 Nov). A break above the latter exposes a potential move towards the November highs beyond the 147.00 level.

Longer-term, as long as it is above the key 200-day SMA at 138.76, the positive outlook is expected to hold.

EUR/JPY day chart

USD/JPY

Overview
Last price today	145.03
Today I change daily	104
Today’s daily change in %	0.55
today’s daily opening	144.24

Trends
daily SMA20	145.39
daily SMA50	144.17
daily SMA100	141.49
daily SMA200	138.73

levels
previous daily high	145.27
previous daily low	143.65
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%	144.27
Daily Fibonacci of 61.8%	144.65
Daily Pivot Point S1	143.51
Daily Pivot Point S2	142.77
Daily Pivot Point S3	141.89
Daily Pivot Point R1	145.12
Daily Pivot Point R2	146.01
Daily Pivot Point R3	146.74

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.