#EURJPY @ 143.328 keeps the erratic performance above 143.00 on Monday. (Pivot Orderbook analysis)
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- EUR/JPY keeps the erratic performance above 143.00 on Monday.
- Next on the upside comes the cycle highs past 145.00.
The pair currently trades last at 143.328.
The previous day high was 143.58 while the previous day low was 142.51. The daily 38.2% Fib levels comes at 142.92, expected to provide support. Similarly, the daily 61.8% fib level is at 143.17, expected to provide support.
EUR/JPY keeps the choppiness well and sound above the 143.00 mark at the beginning of the week.
Price action around the cross remains inconclusive for the time being and would not be surprising to see this stance extend in the next sessions. That said, a break above the this range bound theme exposes the 2022 peaks around 145.60, while the 139.00 zone – where the 55- and 100-day SMAs coincide – should offer initial contention.
In the meantime, while above the 200-day SMA at 135.30, the prospects for the pair should remain constructive.
Technical Levels: Supports and Resistances
EURJPY currently trading at 143.35 at the time of writing. Pair opened at 143.21 and is trading with a change of 0.1 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 143.35 |
| 1 | Today Daily Change | 69.00 |
| 2 | Today Daily Change % | 0.10 |
| 3 | Today daily open | 143.21 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 140.49, 50 SMA 138.9, 100 SMA @ 138.98 and 200 SMA @ 135.27.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 140.49 |
| 1 | Daily SMA50 | 138.90 |
| 2 | Daily SMA100 | 138.98 |
| 3 | Daily SMA200 | 135.27 |
The previous day high was 143.58 while the previous day low was 142.51. The daily 38.2% Fib levels comes at 142.92, expected to provide support. Similarly, the daily 61.8% fib level is at 143.17, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 142.62, 142.04, 141.56
- Pivot resistance is noted at 143.69, 144.16, 144.75
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 143.58 |
| Previous Daily Low | 142.51 |
| Previous Weekly High | 145.64 |
| Previous Weekly Low | 142.30 |
| Previous Monthly High | 139.73 |
| Previous Monthly Low | 133.40 |
| Daily Fibonacci 38.2% | 142.92 |
| Daily Fibonacci 61.8% | 143.17 |
| Daily Pivot Point S1 | 142.62 |
| Daily Pivot Point S2 | 142.04 |
| Daily Pivot Point S3 | 141.56 |
| Daily Pivot Point R1 | 143.69 |
| Daily Pivot Point R2 | 144.16 |
| Daily Pivot Point R3 | 144.75 |
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