#EURJPY @ 140.901 extends the rebound past the 141.00 mark on Tuesday. (Pivot Orderbook analysis)
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- EUR/JPY extends the rebound past the 141.00 mark on Tuesday.
- Immediately to the upside comes the 142.30 zone.
The pair currently trades last at 140.901.
The previous day high was 139.67 while the previous day low was 138.69. The daily 38.2% Fib levels comes at 139.3, expected to provide support. Similarly, the daily 61.8% fib level is at 139.07, expected to provide support.
EUR/JPY accelerates gains and trespasses the 141.00 barrier, or multi-week highs, on Tuesday.
Extra gains in the cross remains favoured for the time being, with the next target now emerging at the weekly top at 142.32 (July 21) ahead of the 2022 peak at 144.27 (June 28).
While above the 200-day SMA at 134.60, the prospects for the pair should remain constructive.
Technical Levels: Supports and Resistances
EURJPY currently trading at 141.0 at the time of writing. Pair opened at 139.64 and is trading with a change of 0.97 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 141.00 |
| 1 | Today Daily Change | 196.00 |
| 2 | Today Daily Change % | 0.97 |
| 3 | Today daily open | 139.64 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 137.61, 50 SMA 138.38, 100 SMA @ 138.45 and 200 SMA @ 134.58.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 137.61 |
| 1 | Daily SMA50 | 138.38 |
| 2 | Daily SMA100 | 138.45 |
| 3 | Daily SMA200 | 134.58 |
The previous day high was 139.67 while the previous day low was 138.69. The daily 38.2% Fib levels comes at 139.3, expected to provide support. Similarly, the daily 61.8% fib level is at 139.07, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 139.0, 138.36, 138.02
- Pivot resistance is noted at 139.98, 140.31, 140.95
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 139.67 |
| Previous Daily Low | 138.69 |
| Previous Weekly High | 140.75 |
| Previous Weekly Low | 137.04 |
| Previous Monthly High | 139.73 |
| Previous Monthly Low | 133.40 |
| Daily Fibonacci 38.2% | 139.30 |
| Daily Fibonacci 61.8% | 139.07 |
| Daily Pivot Point S1 | 139.00 |
| Daily Pivot Point S2 | 138.36 |
| Daily Pivot Point S3 | 138.02 |
| Daily Pivot Point R1 | 139.98 |
| Daily Pivot Point R2 | 140.31 |
| Daily Pivot Point R3 | 140.95 |
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