• 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 price148
Today Daily Change73
Today Daily Change %-0.46
Today daily open148.68
Daily SMA20147.88
Daily SMA50145.18
Daily SMA100143.25
Daily SMA200142.82
Previous Daily High149.27
Previous Daily Low148.45
Previous Weekly High151.62
Previous Weekly Low147.13
Previous Monthly High150.44
Previous Monthly Low142.55
Daily Fibonacci 38.2%148.96
Daily Fibonacci 61.8%148.76
Daily Pivot Point S1148.34
Daily Pivot Point S2147.99
Daily Pivot Point S3147.52
Daily Pivot Point R1149.15
Daily Pivot Point R2149.62
Daily Pivot Point R3149.97