#EURJPY @ 145.946 climbs to multi-session peaks above 146.00. (Pivot Orderbook analysis)

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• EUR/JPY climbs to multi-session peaks above 146.00.
• Further up comes the monthly high just above 147.00.

The pair currently trades last at 145.946.

The previous day high was 145.72 while the previous day low was 144.9. The daily 38.2% Fib levels comes at 145.21, expected to provide support. Similarly, the daily 61.8% fib level is at 145.4, expected to provide support.

EUR/JPY extends the weekly rebound and advances to multiday tops past the 146.00 region on Wednesday.

So far, the corrective rebound looks well in place and the cross should face initial resistance at the so far November high at 147.11 (November 9). Above the latter, the door could open to a more meaningful move to the 2022 peak at 148.40 (October 21).

In the longer run, while above the key 200-day Simple Moving Average at 138.62, the positive outlook is expected to remain unchanged.

Technical Levels: Supports and Resistances

EURJPY currently trading at 145.97 at the time of writing. Pair opened at 145.45 and is trading with a change of 0.36 % .

The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 145.58, 50 SMA 144.11, 100 SMA @ 141.36 and 200 SMA @ 138.59.

The previous day high was 145.72 while the previous day low was 144.9. The daily 38.2% Fib levels comes at 145.21, expected to provide support. Similarly, the daily 61.8% fib level is at 145.4, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 144.99, 144.53, 144.17
• Pivot resistance is noted at 145.81, 146.17, 146.63

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