#EURJPY @ 144.884 EURJPY reclaims the 145.00 figure on risk aversion. (Pivot Orderbook analysis)

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• EURJPY reclaims the 145.00 figure on risk aversion.
• If the EURJPY tumbles below the 100-day EMA, a fall toward 142.50s is on the cards.

The pair currently trades last at 144.884.

The previous day high was 145.36 while the previous day low was 143.35. The daily 38.2% Fib levels comes at 144.12, expected to provide support. Similarly, the daily 61.8% fib level is at 144.59, expected to provide support.

The EURJPY erased last Tuesday’s losses on Wednesday and rose more than 0.60% amidst a risk-off impulse spurred by a positive Retail Sales report in the United States. Given the jump in sales in the report, speculations that the Federal Reserve (Fed) would continue aggressively tightening augmented, though Fed officials’ commentary, calmed traders. At the time of writing, the EURJPY is trading at 145.01, above its opening price by 0.02%, as the Asian session begins.

The EURJPY trades shy of the weekly highs reached on Wednesday, around 145.49. Earlier, the EURJPY hit a daily low at 143.56, below the 50-day Exponential Moving Average (EMA) at 143.98, but Euro (EUR) buyers lifted the cross-currency pair, reclaiming the 144.00 and 145.00 psychological price levels. Of note, the Relative Strength Index (RSI) climbed above its 50-midline, showing buyers gathered momentum. However, late in the New York session, RSI’s slope aimed downward, a signal that buying pressure was fading.

Therefore, the EURJPY’s first resistance would be the weekly high at 145.49. Break above will expose the 146.00 psychological level, followed by the 147.00 mark.

On the other hand, the EURJPY’s first support would be the 145.00 mark. Once cleared, the next demand area would be the 50-day EMA at 143.98, followed by the last week’s low at 142.54.

Technical Levels: Supports and Resistances

EURJPY currently trading at 144.99 at the time of writing. Pair opened at 144.1 and is trading with a change of 0.62 % .

The pair is trading below its 20 Daily moving average @ 145.97, above its 50 Daily moving average @ 143.98 , above its 100 Daily moving average @ 141.16 and above its 200 Daily moving average @ 138.25

The previous day high was 145.36 while the previous day low was 143.35. The daily 38.2% Fib levels comes at 144.12, expected to provide support. Similarly, the daily 61.8% fib level is at 144.59, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 143.18, 142.26, 141.17
• Pivot resistance is noted at 145.19, 146.28, 147.2

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