#EURJPY @ 143.447 clinches new 2023 peaks around 144.00 on Tuesday. (Pivot Orderbook analysis)
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- EUR/JPY clinches new 2023 peaks around 144.00 on Tuesday.
- The continuation of the uptrend targets the December 2022 high near 146.70.
The pair currently trades last at 143.447.
The previous day high was 143.66 while the previous day low was 143.03. The daily 38.2% Fib levels comes at 143.27, expected to provide support. Similarly, the daily 61.8% fib level is at 143.42, expected to provide support.
EUR/JPY fades the initial bull run to new yearly tops just below the 144.00 mark on Tuesday.
While the cross looks somewhat side-lined for the time being, a convincing breakout of the 2023 high at 143.99 (February 21) could trigger a move higher to, initially, the December 2022 peak at 146.72 (December 15).
In the meantime, while above the 200-day SMA, today at 141.29, the outlook for the cross is expected to remain positive.
Technical Levels: Supports and Resistances
EURJPY currently trading at 143.4 at the time of writing. Pair opened at 143.45 and is trading with a change of -0.03 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 143.40 |
| 1 | Today Daily Change | 83.00 |
| 2 | Today Daily Change % | -0.03 |
| 3 | Today daily open | 143.45 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 141.8, 50 SMA 141.46, 100 SMA @ 143.1 and 200 SMA @ 141.3.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 141.80 |
| 1 | Daily SMA50 | 141.46 |
| 2 | Daily SMA100 | 143.10 |
| 3 | Daily SMA200 | 141.30 |
The previous day high was 143.66 while the previous day low was 143.03. The daily 38.2% Fib levels comes at 143.27, expected to provide support. Similarly, the daily 61.8% fib level is at 143.42, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 143.1, 142.75, 142.48
- Pivot resistance is noted at 143.73, 144.0, 144.35
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 143.66 |
| Previous Daily Low | 143.03 |
| Previous Weekly High | 143.67 |
| Previous Weekly Low | 140.19 |
| Previous Monthly High | 142.86 |
| Previous Monthly Low | 137.39 |
| Daily Fibonacci 38.2% | 143.27 |
| Daily Fibonacci 61.8% | 143.42 |
| Daily Pivot Point S1 | 143.10 |
| Daily Pivot Point S2 | 142.75 |
| Daily Pivot Point S3 | 142.48 |
| Daily Pivot Point R1 | 143.73 |
| Daily Pivot Point R2 | 144.00 |
| Daily Pivot Point R3 | 144.35 |
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