#EURJPY @ 144.041 rebounds from recent tops and trespasses 144.00. (Pivot Orderbook analysis)
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- EUR/JPY rebounds from recent tops and trespasses 144.00.
- Extra upside remains on the cards above the 4-month support line.
The pair currently trades last at 144.041.
The previous day high was 144.03 while the previous day low was 143.02. The daily 38.2% Fib levels comes at 143.4, expected to provide support. Similarly, the daily 61.8% fib level is at 143.64, expected to provide support.
EUR/JPY manages to leave behind two daily declines in a row and briefly breaks above the 144.00 barrier on Wednesday.
In case bulls push harder, the door could open to a potential test of the weekly high at 146.13 (November 23) in the short-term horizon. While above the 4-month support line near 142.00, the near-term outlook for the cross is expected to remain positive.
In the longer run, the cross should keep the bullish view unaltered above the 200-day SMA, today at 138.96.
Technical Levels: Supports and Resistances
EURJPY currently trading at 143.84 at the time of writing. Pair opened at 143.31 and is trading with a change of 0.37 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 143.84 |
| 1 | Today Daily Change | 93.00 |
| 2 | Today Daily Change % | 0.37 |
| 3 | Today daily open | 143.31 |
The pair is trading below its 20 Daily moving average @ 144.95, below its 50 Daily moving average @ 144.2 , above its 100 Daily moving average @ 141.67 and above its 200 Daily moving average @ 138.93
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 144.95 |
| 1 | Daily SMA50 | 144.20 |
| 2 | Daily SMA100 | 141.67 |
| 3 | Daily SMA200 | 138.93 |
The previous day high was 144.03 while the previous day low was 143.02. The daily 38.2% Fib levels comes at 143.4, expected to provide support. Similarly, the daily 61.8% fib level is at 143.64, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 142.88, 142.44, 141.87
- Pivot resistance is noted at 143.88, 144.46, 144.89
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 144.03 |
| Previous Daily Low | 143.02 |
| Previous Weekly High | 146.14 |
| Previous Weekly Low | 143.65 |
| Previous Monthly High | 148.40 |
| Previous Monthly Low | 140.90 |
| Daily Fibonacci 38.2% | 143.40 |
| Daily Fibonacci 61.8% | 143.64 |
| Daily Pivot Point S1 | 142.88 |
| Daily Pivot Point S2 | 142.44 |
| Daily Pivot Point S3 | 141.87 |
| Daily Pivot Point R1 | 143.88 |
| Daily Pivot Point R2 | 144.46 |
| Daily Pivot Point R3 | 144.89 |
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