#EURJPY @ 143.188 extends the sharp bounce beyond the 143.00 mark. (Pivot Orderbook analysis)
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- EUR/JPY extends the sharp bounce beyond the 143.00 mark.
- The breakout of 144.04 should open the door to the YTD high.
The pair currently trades last at 143.188.
The previous day high was 142.46 while the previous day low was 141.37. The daily 38.2% Fib levels comes at 142.05, expected to provide support. Similarly, the daily 61.8% fib level is at 141.79, expected to provide support.
EUR/JPY remains well bid and trades in multi-session peaks above the 143.00 yardstick on Tuesday.
The continuation of the rebound from last week’s lows remains well in place for the time being. That said, if the cross breaks above the weekly top at 144.04 (September 20), it could then challenge the 2022 peak at 145.63 (September 12).
In the meantime, while above the key 200-day SMA at 135.97, the constructive outlook for the cross should remain unchanged.
Technical Levels: Supports and Resistances
EURJPY currently trading at 143.13 at the time of writing. Pair opened at 142.01 and is trading with a change of 0.79 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 143.13 |
| 1 | Today Daily Change | 119.00 |
| 2 | Today Daily Change % | 0.79 |
| 3 | Today daily open | 142.01 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 142.13, 50 SMA 139.26, 100 SMA @ 139.5 and 200 SMA @ 135.94.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 142.13 |
| 1 | Daily SMA50 | 139.26 |
| 2 | Daily SMA100 | 139.50 |
| 3 | Daily SMA200 | 135.94 |
The previous day high was 142.46 while the previous day low was 141.37. The daily 38.2% Fib levels comes at 142.05, expected to provide support. Similarly, the daily 61.8% fib level is at 141.79, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 141.43, 140.86, 140.34
- Pivot resistance is noted at 142.53, 143.04, 143.62
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 142.46 |
| Previous Daily Low | 141.37 |
| Previous Weekly High | 142.29 |
| Previous Weekly Low | 137.38 |
| Previous Monthly High | 145.64 |
| Previous Monthly Low | 137.38 |
| Daily Fibonacci 38.2% | 142.05 |
| Daily Fibonacci 61.8% | 141.79 |
| Daily Pivot Point S1 | 141.43 |
| Daily Pivot Point S2 | 140.86 |
| Daily Pivot Point S3 | 140.34 |
| Daily Pivot Point R1 | 142.53 |
| Daily Pivot Point R2 | 143.04 |
| Daily Pivot Point R3 | 143.62 |
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