- EURJPY erases some of the sharp pullback to the area below 143.00.
- If the bounce is higher, it could revisit the 147.00 area.
EURJPY manages to attract some after the drop and attempts a sharp rebound to the vicinity of the 145.00 barrier on Monday.
If the corrective bounce gains strength, the cross should face initial resistance at the November high of 147.11 (Nov 9). Breaking above this level could open the door for a more significant move towards the 2022 high at 148.40 (Oct 21).
In the longer term, as long as it is above the key 200 SMA at 138.14, the constructive outlook is expected to hold.
EURJPY day chart
|last price today||144.51|
|Today I change daily||138|
|Today’s daily variation in %||0.61|
|Daily opening today||143.63|
|Previous daily high||145.03|
|Previous Daily Low||142.56|
|Previous Weekly High||147.11|
|Previous Weekly Low||142.56|
|Previous Monthly High||148.4|
|Previous Monthly Low||140.9|
|Daily Fibonacci of 38.2%||143.51|
|Daily Fibonacci of 61.8%||144.09|
|Daily Pivot Point S1||142.45|
|Daily Pivot Point S2||141.27|
|Daily Pivot Point S3||139.98|
|Daily Pivot Point R1||144.92|
|Daily Pivot Point R2||146.21|
|Daily Pivot Point R3||147.39|
Source: Fx Street
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