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EUR/JPY Price Analysis: Risks remain tilted to the upside

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  • EUR/JPY rebounds after two consecutive daily retracements.
  • Next on the upside comes the 2022 peak past 144.00.

EUR/JPY regains the 142.00 mark and beyond and at the same time leaves behind two straight sessions with losses on Friday.

The bullish bias in the cross remains well and sound and the continuation of the recovery could revisit the 2022 high at 144.25 (June 8) sooner rather than later.

The surpass of the latter could pave the way for a move to the 2015 high at 145.32 (January 2) prior to the 2014 high at 149.78 (December 8).

In the meantime, while above the 3-month support line around 138.15, the short-term outlook for the cross should stay bullish. This area appears reinforced by the proximity of the 55-day SMA.

EUR/JPY daily chart

EUR/JPY Price Analysis: Risks remain tilted to the upside

EUR/JPY

Overview
Today last price 142.4
Today Daily Change 118
Today Daily Change % 0.25
Today daily open 142.05
Trends
Daily SMA20 140.76
Daily SMA50 138.26
Daily SMA100 134.99
Daily SMA200 132.46
Levels
Previous Daily High 144.03
Previous Daily Low 141.4
Previous Weekly High 141.97
Previous Weekly Low 137.93
Previous Monthly High 138.32
Previous Monthly Low 132.66
Daily Fibonacci 38.2% 142.41
Daily Fibonacci 61.8% 143.03
Daily Pivot Point S1 140.96
Daily Pivot Point S2 139.87
Daily Pivot Point S3 138.33
Daily Pivot Point R1 143.58
Daily Pivot Point R2 145.12
Daily Pivot Point R3 146.21

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