#EURJPY @ 143.282 reverses two consecutive daily pullbacks on Friday. (Pivot Orderbook analysis)

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• EUR/JPY reverses two consecutive daily pullbacks on Friday.
• Further gains seen above the 2023 high past 144.00.

The pair currently trades last at 143.282.

The previous day high was 143.52 while the previous day low was 142.56. The daily 38.2% Fib levels comes at 142.93, expected to provide support. Similarly, the daily 61.8% fib level is at 143.15, expected to provide support.

EUR/JPY manages to rebound from earlier multi-session lows near 142.00 and returns to the positive territory at the end of the week.

While the cross looks somewhat side-lined for the time being, a convincing breakout of the 2023 high at 144.16 (February 21) could spark extra strength to, initially, the December 2022 peak at 146.72 (December 15).

In the meantime, while above the 200-day SMA, today at 141.41, the outlook for the cross is expected to remain positive.

Technical Levels: Supports and Resistances

EURJPY currently trading at 143.25 at the time of writing. Pair opened at 142.76 and is trading with a change of 0.34 % .

The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 142.02, 50 SMA 141.36, 100 SMA @ 143.1 and 200 SMA @ 141.41.

The previous day high was 143.52 while the previous day low was 142.56. The daily 38.2% Fib levels comes at 142.93, expected to provide support. Similarly, the daily 61.8% fib level is at 143.15, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 142.38, 141.99, 141.42
• Pivot resistance is noted at 143.33, 143.9, 144.29

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