#EURJPY @ 144.876 EURJPY adds to Monday’s uptick and surpasses 145.00. (Pivot Orderbook analysis)
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- EURJPY adds to Monday’s uptick and surpasses 145.00.
- The recovery faces the next hurdle at the 147.00 zone.
The pair currently trades last at 144.876.
The previous day high was 145.25 while the previous day low was 143.42. The daily 38.2% Fib levels comes at 144.55, expected to provide support. Similarly, the daily 61.8% fib level is at 144.12, expected to provide support.
EURJPY extends the auspicious start of the week and reclaims the area above the 145.00 barrier on Tuesday.
If the corrective bounce gathers extra steam, then the cross should face initial resistance at the so far November high at 147.11 (November 9). The surpass of this level could open the door to a more meaningful move to the 2022 peak at 148.40 (October 21).
In the longer run, while above the key 200-day SMA at 138.21, the constructive outlook is expected to remain unchanged.
Technical Levels: Supports and Resistances
EURJPY currently trading at 144.9 at the time of writing. Pair opened at 144.28 and is trading with a change of 0.43 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 144.90 |
| 1 | Today Daily Change | 94.00 |
| 2 | Today Daily Change % | 0.43 |
| 3 | Today daily open | 144.28 |
The pair is trading below its 20 Daily moving average @ 146.12, above its 50 Daily moving average @ 143.93 , above its 100 Daily moving average @ 141.16 and above its 200 Daily moving average @ 138.19
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 146.12 |
| 1 | Daily SMA50 | 143.93 |
| 2 | Daily SMA100 | 141.16 |
| 3 | Daily SMA200 | 138.19 |
The previous day high was 145.25 while the previous day low was 143.42. The daily 38.2% Fib levels comes at 144.55, expected to provide support. Similarly, the daily 61.8% fib level is at 144.12, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 143.38, 142.49, 141.55
- Pivot resistance is noted at 145.21, 146.15, 147.04
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 145.25 |
| Previous Daily Low | 143.42 |
| Previous Weekly High | 147.11 |
| Previous Weekly Low | 142.56 |
| Previous Monthly High | 148.40 |
| Previous Monthly Low | 140.90 |
| Daily Fibonacci 38.2% | 144.55 |
| Daily Fibonacci 61.8% | 144.12 |
| Daily Pivot Point S1 | 143.38 |
| Daily Pivot Point S2 | 142.49 |
| Daily Pivot Point S3 | 141.55 |
| Daily Pivot Point R1 | 145.21 |
| Daily Pivot Point R2 | 146.15 |
| Daily Pivot Point R3 | 147.04 |
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