#EURJPY @ 143.671 adds to Monday’s uptick and regains 144.00. (Pivot Orderbook analysis)
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- EUR/JPY adds to Monday’s uptick and regains 144.00.
- Further gains could see the YTD high at 145.63 revisited.
The pair currently trades last at 143.671.
The previous day high was 143.62 while the previous day low was 142.8. The daily 38.2% Fib levels comes at 143.31, expected to provide support. Similarly, the daily 61.8% fib level is at 143.11, expected to provide support.
EUR/JPY attempts to break above the ongoing consolidation and briefly surpass the 144.00 barrier on Tuesday.
Price action around the cross remains inconclusive for the time being and would not be surprising to see this stance extend in the next sessions. That said, a break above this range bound theme exposes the 2022 top at 145.63 (September 12).
In the meantime, while above the 200-day SMA at 135.38, the prospects for the pair should remain constructive.
Technical Levels: Supports and Resistances
EURJPY currently trading at 143.71 at the time of writing. Pair opened at 143.55 and is trading with a change of 0.11 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 143.71 |
| 1 | Today Daily Change | 61.00 |
| 2 | Today Daily Change % | 0.11 |
| 3 | Today daily open | 143.55 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 140.84, 50 SMA 139.01, 100 SMA @ 139.04 and 200 SMA @ 135.34.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 140.84 |
| 1 | Daily SMA50 | 139.01 |
| 2 | Daily SMA100 | 139.04 |
| 3 | Daily SMA200 | 135.34 |
The previous day high was 143.62 while the previous day low was 142.8. The daily 38.2% Fib levels comes at 143.31, expected to provide support. Similarly, the daily 61.8% fib level is at 143.11, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 143.03, 142.51, 142.22
- Pivot resistance is noted at 143.85, 144.14, 144.66
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 143.62 |
| Previous Daily Low | 142.80 |
| Previous Weekly High | 145.64 |
| Previous Weekly Low | 142.30 |
| Previous Monthly High | 139.73 |
| Previous Monthly Low | 133.40 |
| Daily Fibonacci 38.2% | 143.31 |
| Daily Fibonacci 61.8% | 143.11 |
| Daily Pivot Point S1 | 143.03 |
| Daily Pivot Point S2 | 142.51 |
| Daily Pivot Point S3 | 142.22 |
| Daily Pivot Point R1 | 143.85 |
| Daily Pivot Point R2 | 144.14 |
| Daily Pivot Point R3 | 144.66 |
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