#EURJPY @ 143.248 treads water around the 143.00 zone on Thursday. (Pivot Orderbook analysis)
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- EUR/JPY treads water around the 143.00 zone on Thursday.
- Extra gains appear on the cards above the 200-day SMA.
The pair currently trades last at 143.248.
The previous day high was 143.89 while the previous day low was 143.05. The daily 38.2% Fib levels comes at 143.37, expected to provide resistance. Similarly, the daily 61.8% fib level is at 143.57, expected to provide resistance.
EUR/JPY alternates gains with losses in the 143.00 region on Thursday, an area coincident with the temporary 100-day SMA.
While the cross looks somewhat side-lined for the time being, a convincing breakout of the 2023 high at 144.16 (February 21) could spark extra strength to, initially, the December 2022 peak at 146.72 (December 15).
In the meantime, while above the 200-day SMA, today at 141.37, the outlook for the cross is expected to remain positive.
Technical Levels: Supports and Resistances
EURJPY currently trading at 143.09 at the time of writing. Pair opened at 143.11 and is trading with a change of -0.01 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 143.09 |
| 1 | Today Daily Change | 50.00 |
| 2 | Today Daily Change % | -0.01 |
| 3 | Today daily open | 143.11 |
The pair is trading above its 20 Daily moving average @ 141.98, above its 50 Daily moving average @ 141.43 , below its 100 Daily moving average @ 143.09 and above its 200 Daily moving average @ 141.38
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 141.98 |
| 1 | Daily SMA50 | 141.43 |
| 2 | Daily SMA100 | 143.09 |
| 3 | Daily SMA200 | 141.38 |
The previous day high was 143.89 while the previous day low was 143.05. The daily 38.2% Fib levels comes at 143.37, expected to provide resistance. Similarly, the daily 61.8% fib level is at 143.57, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 142.81, 142.5, 141.96
- Pivot resistance is noted at 143.65, 144.19, 144.49
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 143.89 |
| Previous Daily Low | 143.05 |
| Previous Weekly High | 143.67 |
| Previous Weekly Low | 140.19 |
| Previous Monthly High | 142.86 |
| Previous Monthly Low | 137.39 |
| Daily Fibonacci 38.2% | 143.37 |
| Daily Fibonacci 61.8% | 143.57 |
| Daily Pivot Point S1 | 142.81 |
| Daily Pivot Point S2 | 142.50 |
| Daily Pivot Point S3 | 141.96 |
| Daily Pivot Point R1 | 143.65 |
| Daily Pivot Point R2 | 144.19 |
| Daily Pivot Point R3 | 144.49 |
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