#EURJPY @ 146.677 prints advances to new highs near the 147.00 hurdle. (Pivot Orderbook analysis)

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• EUR/JPY prints advances to new highs near the 147.00 hurdle.
• Further gains could now see the 2022 top revisited in the near term.

The pair currently trades last at 146.677.

The previous day high was 146.67 while the previous day low was 145.79. The daily 38.2% Fib levels comes at 146.33, expected to provide support. Similarly, the daily 61.8% fib level is at 146.12, expected to provide support.

EUR/JPY maintains the needle-like recovery well in place and reaches fresh highs in the proximity of the 147.00 barrier on Thursday.

In light of the ongoing price action, further gains seem well on the cards for the time being. That said, the next target of note for the cross comes at the 2022 peak at 148.40 (October 21).

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 141.98.

Technical Levels: Supports and Resistances

EURJPY currently trading at 146.83 at the time of writing. Pair opened at 146.33 and is trading with a change of 0.34 % .

The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 143.24, 50 SMA 143.14, 100 SMA @ 142.52 and 200 SMA @ 141.97.

The previous day high was 146.67 while the previous day low was 145.79. The daily 38.2% Fib levels comes at 146.33, expected to provide support. Similarly, the daily 61.8% fib level is at 146.12, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 145.85, 145.38, 144.97
• Pivot resistance is noted at 146.73, 147.14, 147.61

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