#EURJPY @ 143.161 reclaims the area above the 143.00 mark. (Pivot Orderbook analysis)
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- EUR/JPY reclaims the area above the 143.00 mark.
- Further upside seems likely in the short term.
The pair currently trades last at 143.161.
The previous day high was 142.79 while the previous day low was 140.42. The daily 38.2% Fib levels comes at 141.89, expected to provide support. Similarly, the daily 61.8% fib level is at 141.33, expected to provide support.
EUR/JPY advances for the third session in a row to multi-day peaks north of the 143.00 mark on Wednesday.
The rebound appears strong and the continuation of this price action should target the 2023 high at 145.56 (March 2) ahead of a potential visit to the December 2022 peak at 146.72 (December 15).
In the meantime, extra losses remain on the cards while the cross trades below the 200-day SMA, today at 141.79.
Technical Levels: Supports and Resistances
EURJPY currently trading at 143.28 at the time of writing. Pair opened at 142.66 and is trading with a change of 0.43 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 143.28 |
| 1 | Today Daily Change | 124.00 |
| 2 | Today Daily Change % | 0.43 |
| 3 | Today daily open | 142.66 |
The pair is trading below its 20 Daily moving average @ 143.46, above its 50 Daily moving average @ 142.17 , above its 100 Daily moving average @ 142.76 and above its 200 Daily moving average @ 141.82
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 143.46 |
| 1 | Daily SMA50 | 142.17 |
| 2 | Daily SMA100 | 142.76 |
| 3 | Daily SMA200 | 141.82 |
The previous day high was 142.79 while the previous day low was 140.42. The daily 38.2% Fib levels comes at 141.89, expected to provide support. Similarly, the daily 61.8% fib level is at 141.33, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 141.13, 139.59, 138.75
- Pivot resistance is noted at 143.5, 144.33, 145.87
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 142.79 |
| Previous Daily Low | 140.42 |
| Previous Weekly High | 144.96 |
| Previous Weekly Low | 139.13 |
| Previous Monthly High | 145.47 |
| Previous Monthly Low | 139.55 |
| Daily Fibonacci 38.2% | 141.89 |
| Daily Fibonacci 61.8% | 141.33 |
| Daily Pivot Point S1 | 141.13 |
| Daily Pivot Point S2 | 139.59 |
| Daily Pivot Point S3 | 138.75 |
| Daily Pivot Point R1 | 143.50 |
| Daily Pivot Point R2 | 144.33 |
| Daily Pivot Point R3 | 145.87 |
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