EUR/JPY Price Analysis: The next bullish level is 146.70

EUR/JPY extends move higher and marks fresh 2023 highs.
The December 2022 high near 146.70 now appears on the horizon.

He USD/JPY breaks the 145.00 barrier and records new year highs in the 145.65/70 band on Friday.

A daily close above the 2023 high should encourage the cross to shift focus towards the December 2022 high around 146.70 (Dec 15) on the near term horizon.

Meanwhile, further gains remain on the table as the cross trades above the 200-day SMA at 141.81 today.

EUR/JPY daily chart

EUR/JPY Technical Levels

USD/JPY

Panorama
Last Price Today	144.81
Today’s Daily Change	0.12
Today’s Daily Change %	0.08
Today’s Daily Open	144.69

Trends
20 Daily SMA	142.93
SMA of 50 Daily	142.58
SMA of 100 Daily	142.54
SMA of 200 Daily	141.84

levels
Previous Daily High	145.08
Minimum Previous Daily	143.14
Previous Weekly High	143.63
Previous Weekly Minimum	138.83
Maximum Prior Monthly	145.47
Minimum Prior Monthly	139.55
Daily Fibonacci 38.2%	144.34
Daily Fibonacci 61.8%	143.88
Daily Pivot Point S1	143.52
Daily Pivot Point S2	142.35
Daily Pivot Point S3	141.57
Daily Pivot Point R1	145.47
Daily Pivot Point R2	146.25
Daily Pivot Point R3	147.42

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.