#EURJPY @ 144.748 adds to Friday’s uptick and approaches 145.00. (Pivot Orderbook analysis)

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• EUR/JPY adds to Friday’s uptick and approaches 145.00.
• Next on the upside comes the minor hurdle at 146.13.

The pair currently trades last at 144.748.

The previous day high was 145.15 while the previous day low was 144.08. The daily 38.2% Fib levels comes at 144.74, expected to provide support. Similarly, the daily 61.8% fib level is at 144.49, expected to provide support.

EUR/JPY extends the recent rebound to the vicinity of the 145.00 neighbourhood at the beginning of the week.

The cross manages to leave behind the earlier pullback to the 143.00 region and now targets the 145.00 zone. The continuation of the bounce exposes a potential test of the weekly high at 146.13 (November 23) in the short term.

In the longer run, while above the key 200-day SMA at 138.83, the positive outlook is expected to remain unchanged.

Technical Levels: Supports and Resistances

EURJPY currently trading at 144.65 at the time of writing. Pair opened at 144.74 and is trading with a change of -0.06 % .

The pair is trading below its 20 Daily moving average @ 145.27, above its 50 Daily moving average @ 144.2 , above its 100 Daily moving average @ 141.55 and above its 200 Daily moving average @ 138.8

The previous day high was 145.15 while the previous day low was 144.08. The daily 38.2% Fib levels comes at 144.74, expected to provide support. Similarly, the daily 61.8% fib level is at 144.49, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 144.17, 143.59, 143.1
• Pivot resistance is noted at 145.24, 145.73, 146.3

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