EUR/JPY Price Analysis: A test of the 2023 high looms closer


  • EUR/JPY adds to the weekly upside and surpasses 151.00.
  • Further gains could see the 2023 top revisited in the near term.

EUR/JPY looks to add to the ongoing rebound above the key 151.00 hurdle in pre-Fed trading on Wednesday.

In case bulls keep pushing higher, the next relevant resistance level now emerges at the 2023 peak at 151.61 (May 2). The surpass of the latter should meet the next target of importance not before the weekly high at 156.83 (September 22, 2008).

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 144.35.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 151.3
Today Daily Change 45
Today Daily Change % -0.03
Today daily open 151.34
 
Trends
Daily SMA20 149.8
Daily SMA50 148.32
Daily SMA100 145.53
Daily SMA200 144.35
 
Levels
Previous Daily High 151.38
Previous Daily Low 150.04
Previous Weekly High 150.44
Previous Weekly Low 148.63
Previous Monthly High 151.62
Previous Monthly Low 146.14
Daily Fibonacci 38.2% 150.86
Daily Fibonacci 61.8% 150.55
Daily Pivot Point S1 150.46
Daily Pivot Point S2 149.57
Daily Pivot Point S3 149.11
Daily Pivot Point R1 151.8
Daily Pivot Point R2 152.26
Daily Pivot Point R3 153.14

 

 

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