EUR/JPY Price Analysis: Above 144.00 comes the 2022 high

EUR/JPY extends the sharp bounce beyond the 143.00 mark.
The breakout of 144.04 should open the door to the YTD high.

Pablo Piovano FXStreet

EUR/JPY remains well bid and trades in multi-session peaks above the 143.00 yardstick on Tuesday.

The continuation of the rebound from last week’s lows remains well in place for the time being. That said, if the cross breaks above the weekly top at 144.04 (September 20), it could then challenge the 2022 peak at 145.63 (September 12).

In the meantime, while above the key 200-day SMA at 135.97, the constructive outlook for the cross should remain unchanged.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	143.13
Today Daily Change	119
Today Daily Change %	0.79
Today daily open	142.01

Trends
Daily SMA20	142.13
Daily SMA50	139.26
Daily SMA100	139.5
Daily SMA200	135.94

Levels
Previous Daily High	142.46
Previous Daily Low	141.37
Previous Weekly High	142.29
Previous Weekly Low	137.38
Previous Monthly High	145.64
Previous Monthly Low	137.38
Daily Fibonacci 38.2%	142.05
Daily Fibonacci 61.8%	141.79
Daily Pivot Point S1	141.43
Daily Pivot Point S2	140.86
Daily Pivot Point S3	140.34
Daily Pivot Point R1	142.53
Daily Pivot Point R2	143.04
Daily Pivot Point R3	143.62

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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