EUR/JPY Price Analysis: Extra gains now target the 2023 peak

EUR/JPY adds to the ongoing rebound and surpasses the 159.00 hurdle, printing at the same time new multi-week tops. Considering the current price acti

EUR/JPY adds to the recent uptrend around 159.00. Further gains now look at the yearly highs near 159.80. on, further upside appears in the pipeline for the cross in the short-term horizon. Against that, the immediate hurdle emerges at the 2023 top at 159.76 just ahead of the round level at 160.00. So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 150.79.

EUR/JPY daily chart EUR/JPY Overview Today last price 159 Today Daily Change 65 Today Daily Change % 0.16 Today daily open 158.74 Trends Daily SMA20 157.6 Daily SMA50 157.93 Daily SMA100 156.63 Daily SMA200 150.73 Levels Previous Daily High 158.93 Previous Daily Low 158.32 Previous Weekly High 158.93 Previous Weekly Low 157.06 Previous Monthly High 158.66 Previous Monthly Low 156.58 Daily Fibonacci 38.2% 158.7 Daily Fibonacci 61.8% 158.56 Daily Pivot Point S1 158.4 Daily Pivot Point S2 158.

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