EUR/JPY Price Analysis: Strong momentum points to extra gains


  • EUR/JPY clinches fresh tops near the 148.00 mark
  • Immediately to the upside emerges the 2022 high at 148.40.

EUR/JPY adds to Tuesday’s advance and approaches the key 148.00 region on Wednesday.

Considering the ongoing price action, further gains in the cross remain in store for the time being. That said, the continuation of the upside momentum could extend further and challenge the 2022 peak at 148.40 (October 21) sooner rather than later.

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.16.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 147.5
Today Daily Change 83
Today Daily Change % 0.24
Today daily open 147.15
 
Trends
Daily SMA20 144.31
Daily SMA50 143.59
Daily SMA100 142.63
Daily SMA200 142.15
 
Levels
Previous Daily High 147.38
Previous Daily Low 146.73
Previous Weekly High 147.16
Previous Weekly Low 143.8
Previous Monthly High 145.67
Previous Monthly Low 138.83
Daily Fibonacci 38.2% 147.13
Daily Fibonacci 61.8% 146.98
Daily Pivot Point S1 146.79
Daily Pivot Point S2 146.43
Daily Pivot Point S3 146.14
Daily Pivot Point R1 147.45
Daily Pivot Point R2 147.74
Daily Pivot Point R3 148.1

 

 

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