#EURJPY @ 143.759 meets initial resistance near 144.40 on Friday. (Pivot Orderbook analysis)
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- EUR/JPY meets initial resistance near 144.40 on Friday.
- Further gains could challenge the YTD peak near 145.60.
The pair currently trades last at 143.759.
The previous day high was 144.09 while the previous day low was 141.76. The daily 38.2% Fib levels comes at 143.2, expected to provide support. Similarly, the daily 61.8% fib level is at 142.65, expected to provide support.
EUR/JPY reaches new monthly highs around 144.40, although it loses some ground afterwards.
So far, the recovery appears underpinned by the 141.00 region, which stands as quite a decent support for the time being. The continuation of the uptrend could see the 2022 top at 145.63 (September 12) revisited sooner rather than later.
In the meantime, while above the key 200-day SMA at 136.44, the constructive outlook for the cross should remain unchanged.
Technical Levels: Supports and Resistances
EURJPY currently trading at 143.75 at the time of writing. Pair opened at 143.93 and is trading with a change of -0.13 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 143.75 |
| 1 | Today Daily Change | 83.00 |
| 2 | Today Daily Change % | -0.13 |
| 3 | Today daily open | 143.93 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 141.76, 50 SMA 140.2, 100 SMA @ 140.03 and 200 SMA @ 136.42.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 141.76 |
| 1 | Daily SMA50 | 140.20 |
| 2 | Daily SMA100 | 140.03 |
| 3 | Daily SMA200 | 136.42 |
The previous day high was 144.09 while the previous day low was 141.76. The daily 38.2% Fib levels comes at 143.2, expected to provide support. Similarly, the daily 61.8% fib level is at 142.65, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 142.43, 140.93, 140.09
- Pivot resistance is noted at 144.76, 145.59, 147.09
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 144.09 |
| Previous Daily Low | 141.76 |
| Previous Weekly High | 144.09 |
| Previous Weekly Low | 141.19 |
| Previous Monthly High | 145.64 |
| Previous Monthly Low | 137.38 |
| Daily Fibonacci 38.2% | 143.20 |
| Daily Fibonacci 61.8% | 142.65 |
| Daily Pivot Point S1 | 142.43 |
| Daily Pivot Point S2 | 140.93 |
| Daily Pivot Point S3 | 140.09 |
| Daily Pivot Point R1 | 144.76 |
| Daily Pivot Point R2 | 145.59 |
| Daily Pivot Point R3 | 147.09 |
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