#EURJPY @ 147.136 resumes the upside above the 147.00 mark (Pivot Orderbook analysis)

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• EUR/JPY resumes the upside above the 147.00 mark
• Next on the upside comes the 2022 high past 148.00.

The pair currently trades last at 147.136.

The previous day high was 147.45 while the previous day low was 146.67. The daily 38.2% Fib levels comes at 146.97, expected to provide support. Similarly, the daily 61.8% fib level is at 147.15, expected to provide resistance.

EUR/JPY leaves behind Monday’s drop and regains upside traction above the ey 147.00 hurdle on Tuesday.

Considering the ongoing price action, further gains in the cross remain in store for the time being. That said, the continuation of the upside momentum could extend further and challenge the 2022 peak at 148.40 (October 21) sooner rather than later.

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.11.

Technical Levels: Supports and Resistances

EURJPY currently trading at 147.1 at the time of writing. Pair opened at 146.93 and is trading with a change of 0.12 % .

The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 144.08, 50 SMA 143.45, 100 SMA @ 142.59 and 200 SMA @ 142.1.

The previous day high was 147.45 while the previous day low was 146.67. The daily 38.2% Fib levels comes at 146.97, expected to provide support. Similarly, the daily 61.8% fib level is at 147.15, expected to provide resistance.

Note the levels of interest below:

• Pivot support is noted at 146.58, 146.23, 145.8
• Pivot resistance is noted at 147.36, 147.8, 148.14

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