EUR/JPY Price Analysis: The 162.00 Mark Looms Closer

EUR/JPY prints fresh tops near 161.70 on Thursday.

Extra gains could advance to the 2008 top near 170.00.

struggles to advance further despite printing new YTD peaks in the 161.70/75 band on Thursday.Further upside appears well on the cards for the cross in the short-term horizon. Against that, the surpass of the 2023 high of 161.74 (November 9) is expected to face the next significant resistance level not before the 2008 top of 169.96 (July 23)So far, the longer-term positive outlook for the cross appears favored while above the 200-day SMA, today at 152.03.
 EUR/JPY daily chart(Click on image to enlarge)

EUR/JPY

OVERVIEW Today last price 161.56 Today Daily Change 30 Today Daily Change % -0.10 Today daily open 161.72 TRENDS Daily SMA20 159.1 Daily SMA50 158.22 Daily SMA100 157.63 Daily SMA200 151.97 LEVELS Previous Daily High 161.73 Previous Daily Low 160.7 Previous Weekly High 160.85 Previous Weekly Low 157.7 Previous Monthly High 160.85 Previous Monthly Low 154.39 Daily Fibonacci 38.2% 161.34 Daily Fibonacci 61.8% 161.09 Daily Pivot Point S1 161.04 Daily Pivot Point S2 160.35 Daily Pivot Point S3 160 Daily Pivot Point R1 162.07 Daily Pivot Point R2 162.42 Daily Pivot Point R3 163.1

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