EUR/JPY Price Analysis: There is still room for more gains

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  • EUR/JPY recovers the rise and exceeds 143.50.
  • The break of the 2022 highs should allow more upside.

EUR/JPY leaves behind the recent pullback and advances after returning above 143.00, approaching 144.00.

The bullish bias on the cross remains firm for now. That said, breaking through this year’s high of 144.27 (June 28) is expected to pave the way to initially the 145.00 level before the 2015 high of 145.32 (Jan 2). Further up is the 2014 high at 149.78 (December 8).

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Meanwhile, if it remains above the 3-month support line around 138.50, the short-term outlook for the cross should remain bullish. This area appears reinforced by the proximity to the 55-day simple moving average.

EUR/JPY day chart

EURJPY

EUR/JPY

Panorama
Last Price Today 143.53
Today’s Daily Change 0.37
Today’s Daily Change % 0.26
Today’s Daily Opening 143.16
Trends
20 Daily SMA 141.63
50 Daily SMA 138.59
100 Daily SMA 135.33
200 Daily SMA 132.68
levels
Previous Daily High 144.28
Previous Daily Minimum 142.87
Previous Maximum Weekly 144.24
Previous Weekly Minimum 141.39
Monthly Prior Maximum 138.32
Previous Monthly Minimum 132.66
Daily Fibonacci 38.2% 143.41
Daily Fibonacci 61.8% 143.74
Daily Pivot Point S1 142.6
Daily Pivot Point S2 142.03
Daily Pivot Point S3 141.19
Daily Pivot Point R1 144
Daily Pivot Point R2 144.84
Daily Pivot Point R3 145.41

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Source: Fx Street

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