#EURJPY @ 141.319 The lost almost 0.05% after hitting a high at around 141.60s. (Pivot Orderbook analysis)

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• The EUR/JPY lost almost 0.05% after hitting a high at around 141.60s.
• EUR/JPY Price Analysis: To remain sideways, ahead of the ECB’s decision.

The pair currently trades last at 141.319.

The previous day high was 141.98 while the previous day low was 140.56. The daily 38.2% Fib levels comes at 141.44, expected to provide resistance. Similarly, the daily 61.8% fib level is at 141.1, expected to provide support.

The EUR/JPY trims some of its earlier gains after hitting a daily high of 141.61, shy of the 100-day Exponential Moving Average (EMA) at 141.79, and drops towards the 141.40 area, holding to its gains. At the time of writing, the EUR/JPY is trading at 141.47, above its opening price by a slight margin of 0.02%.

During the last seven days, the EUR/JPY pair has been unable to reach new highs, above the January 25 daily high at 142.29, exacerbating a consolidation within the 20 and 50-day EMA. Backed by the Relative Strength Index (RSI) and the Rate of Change (RoC) almost flat at neutral levels, the EUR/JPY pair would remain trendless, awaiting the Europen Central Bank (ECB) monetary policy on Thursday.

A bullish scenario would trigger once the EUR/JPY breaks above the 50-day EMA At 141.68, closely followed by the 100-day EMA at 141.79. A breach of those two EMAs will set the EUR/JPY to test the January 11 daily high of 142.85 and the 143.00 figure.

On the other hand, the EUR/JPY would resume its bearish bias, below the 20-day EMA at 140.98. Once cleared, the 200-day EMA at 140.25 would be tested by EUR bears, followed by a dip towards the 140.00 mark.

Technical Levels: Supports and Resistances

EURJPY currently trading at 141.36 at the time of writing. Pair opened at 141.5 and is trading with a change of -0.1 % .

The pair is trading above its 20 Daily moving average @ 140.52, below its 50 Daily moving average @ 142.05 , below its 100 Daily moving average @ 143.07 and above its 200 Daily moving average @ 140.88

The previous day high was 141.98 while the previous day low was 140.56. The daily 38.2% Fib levels comes at 141.44, expected to provide resistance. Similarly, the daily 61.8% fib level is at 141.1, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 140.71, 139.92, 139.29
• Pivot resistance is noted at 142.13, 142.77, 143.56

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