EURJPY @ 14765.0 – Support/Resistance analysis: Price Analysis: Recovery initially targets 138.40
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE and login below to read further [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
- EUR/JPY trades with decent gains after two daily drops in a row.
- If the rebound gathers pace, then the cross could revisit 138.40.
The pair currently trades last at 14765.0.
The previous day high was 137.08 while the previous day low was 135.28. The daily 38.2% Fib levels comes at 135.97, expected to provide support. Similarly, the daily 61.8% fib level is at 136.39, expected to provide support.
EUR/JPY leaves behind two consecutive daily pullbacks and advances beyond 136.00 the figure on Tuesday.
In case the recovery becomes more serious, then the cross should meet the next barrier at the 100-day SMA at 138.08 prior to the more relevant August peak at 138.39 (August 10).
While above the 200-day SMA, today at 133.94, the prospects for the pair should remain constructive.
Technical Levels: Supports and Resistances
EURJPY currently trading at 136.1 at the time of writing. Pair opened at 135.49 and is trading with a change of 0.45 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 136.10 |
| 1 | Today Daily Change | 121.00 |
| 2 | Today Daily Change % | 0.45 |
| 3 | Today daily open | 135.49 |
The pair is trading below its 20 Daily moving average @ 137.71, below its 50 Daily moving average @ 139.63 , below its 100 Daily moving average @ 138.12 and above its 200 Daily moving average @ 133.95
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 137.71 |
| 1 | Daily SMA50 | 139.63 |
| 2 | Daily SMA100 | 138.12 |
| 3 | Daily SMA200 | 133.95 |
The previous day high was 137.08 while the previous day low was 135.28. The daily 38.2% Fib levels comes at 135.97, expected to provide support. Similarly, the daily 61.8% fib level is at 136.39, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 134.82, 134.15, 133.02
- Pivot resistance is noted at 136.62, 137.75, 138.42
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 137.08 |
| Previous Daily Low | 135.28 |
| Previous Weekly High | 138.40 |
| Previous Weekly Low | 136.30 |
| Previous Monthly High | 142.43 |
| Previous Monthly Low | 135.55 |
| Daily Fibonacci 38.2% | 135.97 |
| Daily Fibonacci 61.8% | 136.39 |
| Daily Pivot Point S1 | 134.82 |
| Daily Pivot Point S2 | 134.15 |
| Daily Pivot Point S3 | 133.02 |
| Daily Pivot Point R1 | 136.62 |
| Daily Pivot Point R2 | 137.75 |
| Daily Pivot Point R3 | 138.42 |
[/s2If]
