#EURJPY @ 142.896 reverses two daily drops in a row and approaches 143.00. (Pivot Orderbook analysis)

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• EUR/JPY reverses two daily drops in a row and approaches 143.00.
• A deeper pullback could still test the key 200-day SMA at 139.15.

The pair currently trades last at 142.896.

The previous day high was 142.49 while the previous day low was 140.76. The daily 38.2% Fib levels comes at 141.42, expected to provide support. Similarly, the daily 61.8% fib level is at 141.83, expected to provide support.

EUR/JPY rebounds from Friday’s 3-month lows and manages to flirt with the round level at 143.00 at the beginning of the week.

Despite the ongoing rebound, the cross remains under pressure and could still shed further ground and revisit the critical 200-day SMA in the short-term horizon.

The outlook for EUR/JPY is expected to remain positive while above the latter.

Technical Levels: Supports and Resistances

EURJPY currently trading at 142.72 at the time of writing. Pair opened at 141.47 and is trading with a change of 0.88 % .

The pair is trading below its 20 Daily moving average @ 144.55, below its 50 Daily moving average @ 144.34 , above its 100 Daily moving average @ 141.77 and above its 200 Daily moving average @ 139.12

The previous day high was 142.49 while the previous day low was 140.76. The daily 38.2% Fib levels comes at 141.42, expected to provide support. Similarly, the daily 61.8% fib level is at 141.83, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 140.66, 139.85, 138.93
• Pivot resistance is noted at 142.39, 143.31, 144.12

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