#EURJPY @ 137.685 -imp levels: looks offered after two daily advances in a row.

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• EUR/JPY looks offered after two daily advances in a row.
• Next on the upside appears the August top at 138.40.

The pair currently trades last at 137.685.

The previous day high was 137.66 while the previous day low was 136.56. The daily 38.2% Fib levels comes at 136.98, expected to provide support. Similarly, the daily 61.8% fib level is at 137.24, expected to provide support.

EUR/JPY extends the weekly recovery and already flirts with the 138.00 neighbourhood on Friday.

If the cross clears the so far August high at 138.39 (August 10) it should allow for gains to accelerate further and revisit the temporary barrier at the 55-day SMA, today at 139.44.

While above the 200-day SMA at 134.05, the prospects for the pair should remain constructive.

Technical Levels: Supports and Resistances

EURJPY currently trading at 137.69 at the time of writing. Pair opened at 137.09 and is trading with a change of 0.44 % .

The pair is trading above its 20 Daily moving average @ 137.13, below its 50 Daily moving average @ 139.28 , below its 100 Daily moving average @ 138.16 and above its 200 Daily moving average @ 134.05

The previous day high was 137.66 while the previous day low was 136.56. The daily 38.2% Fib levels comes at 136.98, expected to provide support. Similarly, the daily 61.8% fib level is at 137.24, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 136.54, 136.0, 135.45
• Pivot resistance is noted at 137.64, 138.2, 138.74

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