#EURJPY @ 142.323 adds to Tuesday’s advance and surpasses 142.00. (Pivot Orderbook analysis)

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• EUR/JPY adds to Tuesday’s advance and surpasses 142.00.
• The 141.00 region has so far emerged as a decent contention area.

The pair currently trades last at 142.323.

The previous day high was 142.2 while the previous day low was 140.98. The daily 38.2% Fib levels comes at 141.73, expected to provide support. Similarly, the daily 61.8% fib level is at 141.44, expected to provide support.

EUR/JPY picks up extra pace and extends Tuesday’s bounce further north of the 142.00 level midweek.

So far, the recovery appears underpinned by the 141.00 region, which stands as quite a decent support for the time being. Further upside could then see the 144.00 neighbourhood revisited in the short-term horizon.

In the meantime, while above the key 200-day SMA at 136.31, the constructive outlook for the cross should remain unchanged.

Technical Levels: Supports and Resistances

EURJPY currently trading at 142.33 at the time of writing. Pair opened at 141.67 and is trading with a change of 0.47 % .

The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 141.75, 50 SMA 139.91, 100 SMA @ 139.89 and 200 SMA @ 136.29.

The previous day high was 142.2 while the previous day low was 140.98. The daily 38.2% Fib levels comes at 141.73, expected to provide support. Similarly, the daily 61.8% fib level is at 141.44, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 141.03, 140.39, 139.81
• Pivot resistance is noted at 142.25, 142.83, 143.47

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