#EURJPY @ 143.854 regains some balance and approaches 144.00. (Pivot Orderbook analysis)
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- EUR/JPY regains some balance and approaches 144.00.
- The continuation of the rebound could see the YTD peak revisited.
The pair currently trades last at 143.854.
The previous day high was 144.39 while the previous day low was 141.37. The daily 38.2% Fib levels comes at 142.52, expected to provide support. Similarly, the daily 61.8% fib level is at 143.24, expected to provide support.
EUR/JPY manages to leave behind three consecutive sessions with losses and trades at shouting distance from the 144.00 zone on Tuesday.
Further recovery in the cross is expected to meet the next hurdle of note at the so far 2023 high at 145.56 (March 2). The surpass of the latter exposes a probable move to the December 2022 peak at 146.72 (December 15).
While above the 200-day SMA at 141.79, the outlook for the cross is expected to remain positive.
Technical Levels: Supports and Resistances
EURJPY currently trading at 143.86 at the time of writing. Pair opened at 142.93 and is trading with a change of 0.65 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 143.86 |
| 1 | Today Daily Change | 139.00 |
| 2 | Today Daily Change % | 0.65 |
| 3 | Today daily open | 142.93 |
The pair is trading below its 20 Daily moving average @ 143.88, above its 50 Daily moving average @ 142.01 , above its 100 Daily moving average @ 143.06 and above its 200 Daily moving average @ 141.81
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 143.88 |
| 1 | Daily SMA50 | 142.01 |
| 2 | Daily SMA100 | 143.06 |
| 3 | Daily SMA200 | 141.81 |
The previous day high was 144.39 while the previous day low was 141.37. The daily 38.2% Fib levels comes at 142.52, expected to provide support. Similarly, the daily 61.8% fib level is at 143.24, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 141.4, 139.87, 138.38
- Pivot resistance is noted at 144.43, 145.92, 147.45
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 144.39 |
| Previous Daily Low | 141.37 |
| Previous Weekly High | 145.44 |
| Previous Weekly Low | 143.35 |
| Previous Monthly High | 145.47 |
| Previous Monthly Low | 139.55 |
| Daily Fibonacci 38.2% | 142.52 |
| Daily Fibonacci 61.8% | 143.24 |
| Daily Pivot Point S1 | 141.40 |
| Daily Pivot Point S2 | 139.87 |
| Daily Pivot Point S3 | 138.38 |
| Daily Pivot Point R1 | 144.43 |
| Daily Pivot Point R2 | 145.92 |
| Daily Pivot Point R3 | 147.45 |
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