#EURJPY @ 142.858 extends the recovery for the third session in a row. (Pivot Orderbook analysis)

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• EUR/JPY extends the recovery for the third session in a row.
• Extra gains could see the October peak around 144.00 revisited.

The pair currently trades last at 142.858.

The previous day high was 142.64 while the previous day low was 141.4. The daily 38.2% Fib levels comes at 142.16, expected to provide support. Similarly, the daily 61.8% fib level is at 141.87, expected to provide support.

EUR/JPY gathers extra steam and reaches new multi-day highs around the 143.00 neighbourhood on Thursday.

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 zone retested in the short-term horizon ahead of the 2022 top at 145.63 (September 12).

In the meantime, while above the key 200-day SMA at 136.37, the constructive outlook for the cross should remain unchanged.

Technical Levels: Supports and Resistances

EURJPY currently trading at 142.75 at the time of writing. Pair opened at 142.6 and is trading with a change of 0.11 % .

The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 141.74, 50 SMA 140.04, 100 SMA @ 139.96 and 200 SMA @ 136.35.

The previous day high was 142.64 while the previous day low was 141.4. The daily 38.2% Fib levels comes at 142.16, expected to provide support. Similarly, the daily 61.8% fib level is at 141.87, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 141.79, 140.98, 140.56
• Pivot resistance is noted at 143.02, 143.45, 144.26

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