- EUR/JPY reverses two daily gains and challenges 148.00.
- The resumption of the buying pressure should target 150.00.
EUR/JPY comes under pressure and puts the 148.00 neighbourhood to the test on Tuesday.
It seems the bullish outlook now appears somewhat dented. Against that, the cross could move into a consolidative phase before resuming the uptrend and always with the immediate target at the key round level at 150.00 ahead of the 2023 peak at 151.61 (May 2).
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.84.
EUR/JPY daily chart
|Today last price||148|
|Today Daily Change||73|
|Today Daily Change %||-0.46|
|Today daily open||148.68|
|Previous Daily High||149.27|
|Previous Daily Low||148.45|
|Previous Weekly High||151.62|
|Previous Weekly Low||147.13|
|Previous Monthly High||150.44|
|Previous Monthly Low||142.55|
|Daily Fibonacci 38.2%||148.96|
|Daily Fibonacci 61.8%||148.76|
|Daily Pivot Point S1||148.34|
|Daily Pivot Point S2||147.99|
|Daily Pivot Point S3||147.52|
|Daily Pivot Point R1||149.15|
|Daily Pivot Point R2||149.62|
|Daily Pivot Point R3||149.97|