EUR/JPY Price Analysis: The next target on the upside is the 2022 peak

EUR/JPY adds to Monday’s gains and recovers 144.00.
If it continues to rise, it could see this year’s high again at 145.63.

EUR/JPY attempts to break above ongoing consolidation and break above 144.00 barrier on Tuesday.

The price action around the cross remains inconclusive at the moment and it would not be surprising to see this stance extended in the coming sessions. That said, a break above the range boundary exposes the 2022 high at 145.63 (Sep 12).

In the meantime, if it remains above the 200 SMA at 135.38, the outlook for the cross should remain constructive.

EUR/JPY day chart

EUR/JPY

Panorama
Last Price Today	143.71
Today’s Daily Change	0.16
Today’s Daily Change %	0.11
Today’s Daily Opening	143.55

Trends
20 Daily SMA	140.84
50 Daily SMA	139.01
100 Daily SMA	139.04
200 Daily SMA	135.34

levels
Previous Daily High	143.62
Previous Daily Minimum	142.8
Previous Maximum Weekly	145.64
Previous Weekly Minimum	142.3
Monthly Prior Maximum	139.73
Previous Monthly Minimum	133.4
Daily Fibonacci 38.2%	143.31
Daily Fibonacci 61.8%	143.11
Daily Pivot Point S1	143.03
Daily Pivot Point S2	142.51
Daily Pivot Point S3	142.22
Daily Pivot Point R1	143.85
Daily Pivot Point R2	144.14
Daily Pivot Point R3	144.66

Source: Fx Street

Flora

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