EUR/JPY Price Analysis: The next level on the upside is 142.30

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  • EUR/JPY fades Thursday’s pullback and recovers 140.00 and above.
  • If it continues to rise, it could revisit the 142.30 area.

EUR/JPY resumes weekly recovery and manages to break above the key 140.00 barrier on Friday.

More rallies on the cross could come from breaking above the 140.00 region. Beyond this zone, another test of the weekly high at 142.32 (July 21) should reappear on the horizon before the 2022 high at 144.27 (June 28).

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As long as it is above the 200 SMA at 134.48, the outlook for the cross should remain constructive.

EUR/JPY day chart

EUR/JPY

Panorama
Last Price Today 140.32
Today’s Daily Change 0.86
Today’s Daily Change % 0.62
Today’s Daily Opening 139.46
Trends
20 Daily SMA 137.39
50 Daily SMA 138.52
100 Daily SMA 138.39
200 Daily SMA 134.46
levels
Previous Daily High 140
Previous Daily Minimum 138.92
Previous Maximum Weekly 137.97
Previous Weekly Minimum 135.52
Monthly Prior Maximum 139.73
Previous Monthly Minimum 133.4
Daily Fibonacci 38.2% 139.33
Daily Fibonacci 61.8% 139.59
Daily Pivot Point S1 138.92
Daily Pivot Point S2 138.38
Daily Pivot Point S3 137.84
Daily Pivot Point R1 140
Daily Pivot Point R2 140.54
Daily Pivot Point R3 141.08

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Source: Fx Street

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