#EURJPY @ 139.522 adds to Friday’s small gains below 140.00. (Pivot Orderbook analysis)

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• EUR/JPY adds to Friday’s small gains below 140.00.
• The next hurdle of note turns up at the 142.30 zone.

The pair currently trades last at 139.522.

The previous day high was 140.75 while the previous day low was 139.26. The daily 38.2% Fib levels comes at 140.18, expected to provide resistance. Similarly, the daily 61.8% fib level is at 139.83, expected to provide resistance.

EUR/JPY alternates gains with losses around 139.00 after bottoming out in earlier lows near 138.70 on Monday.

Extra gains in the cross are now favoured once it clears the recent high at 140.74 (September 2). Beyond this level, another visit of the weekly top at 142.32 (July 21) should re-emerge on the horizon prior to the 2022 peak at 144.27 (June 28).

While above the 200-day SMA at 134.54, the prospects for the pair should remain constructive.

Technical Levels: Supports and Resistances

EURJPY currently trading at 139.51 at the time of writing. Pair opened at 139.58 and is trading with a change of -0.05 % .

The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 137.5, 50 SMA 138.46, 100 SMA @ 138.42 and 200 SMA @ 134.52.

The previous day high was 140.75 while the previous day low was 139.26. The daily 38.2% Fib levels comes at 140.18, expected to provide resistance. Similarly, the daily 61.8% fib level is at 139.83, expected to provide resistance.

Note the levels of interest below:

• Pivot support is noted at 138.98, 138.37, 137.48
• Pivot resistance is noted at 140.47, 141.36, 141.96

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