EUR/JPY Price Analysis: Immediately to the upside comes 151.00

EUR/JPY extends the rebound and revisits the 150.00 region.
Further up emerges the late month tops just above 151.00.

Pablo Piovano FXStreet

EUR/JPY climbs further and reclaims the area beyond the key 150.00 barrier at the beginning of the week.

Further recovery appears a plausible near-term scenario. That said, a convincing move north of 150.00 should retest the weekly high at 151.07 (May 29) ahead of the 2023 top at 151.61 (May 2).

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 144.01.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	150.02
Today Daily Change	46
Today Daily Change %	0.16
Today daily open	149.78

Trends
Daily SMA20	149.05
Daily SMA50	147.43
Daily SMA100	144.84
Daily SMA200	143.99

Levels
Previous Daily High	149.96
Previous Daily Low	149.25
Previous Weekly High	151.07
Previous Weekly Low	148.59
Previous Monthly High	151.62
Previous Monthly Low	146.14
Daily Fibonacci 38.2%	149.69
Daily Fibonacci 61.8%	149.52
Daily Pivot Point S1	149.36
Daily Pivot Point S2	148.95
Daily Pivot Point S3	148.65
Daily Pivot Point R1	150.08
Daily Pivot Point R2	150.38
Daily Pivot Point R3	150.79

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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