#EURJPY @ 138.042 -imp levels: adds to the ongoing rebound and retakes 138.00.

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• EUR/JPY adds to the ongoing rebound and retakes 138.00.
• Further upside could see the 55-day SMA near 138.90 retested.

The pair currently trades last at 138.042.

The previous day high was 137.97 while the previous day low was 136.09. The daily 38.2% Fib levels comes at 137.25, expected to provide support. Similarly, the daily 61.8% fib level is at 136.81, expected to provide support.

EUR/JPY extends recent gains and reclaims the area above the 138.00 mark at the beginning of the week.

The continuation of the uptrend initially targets the August high at 138.39 (August 10) ahead of the temporary 55-day SMA, today at 138.89. The surpass of this level should shift the attention to the weekly peak at 142.32 (July 21).

While above the 200-day SMA at 134.27, the prospects for the pair should remain constructive.

Technical Levels: Supports and Resistances

EURJPY currently trading at 137.98 at the time of writing. Pair opened at 137.12 and is trading with a change of 0.63 % .

The pair is trading above its 20 Daily moving average @ 136.68, below its 50 Daily moving average @ 138.83 , below its 100 Daily moving average @ 138.27 and above its 200 Daily moving average @ 134.26

The previous day high was 137.97 while the previous day low was 136.09. The daily 38.2% Fib levels comes at 137.25, expected to provide support. Similarly, the daily 61.8% fib level is at 136.81, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 136.15, 135.18, 134.27
• Pivot resistance is noted at 138.03, 138.94, 139.91

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