#EURJPY @ 140.776 abruptly dropped to 2-week lows near the 139.00 mark. (Pivot Orderbook analysis)
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- EUR/JPY abruptly dropped to 2-week lows near the 139.00 mark.
- Another visit to the 2022 highs beyond 145.00 is not ruled out.
The pair currently trades last at 140.776.
The previous day high was 143.6 while the previous day low was 141.64. The daily 38.2% Fib levels comes at 142.39, expected to provide resistance. Similarly, the daily 61.8% fib level is at 142.85, expected to provide resistance.
EUR/JPY adds to the weekly pullback and retreats to multi-session lows near 139.00 following the BoJ-Government intervention.
The cross met initial support in the vicinity of the 139.00 neighbourhood, where the 55- and 100-day SMAs coincide. The drop, however, lacked follow through and sparked a rapid rebound to the 140.00 mark and beyond.
Against that, further recovery should not be ruled out just yet and the cross continues to target the YTD peak at 145.63 (September 12) in the relatively short-term horizon.
In the meantime, while above the 200-day SMA at 135.51, the prospects for the pair should remain constructive.
Technical Levels: Supports and Resistances
EURJPY currently trading at 141.0 at the time of writing. Pair opened at 141.75 and is trading with a change of -0.53 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 141.00 |
| 1 | Today Daily Change | 446.00 |
| 2 | Today Daily Change % | -0.53 |
| 3 | Today daily open | 141.75 |
The pair is trading below its 20 Daily moving average @ 141.44, above its 50 Daily moving average @ 139.2 , above its 100 Daily moving average @ 139.15 and above its 200 Daily moving average @ 135.49
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 141.44 |
| 1 | Daily SMA50 | 139.20 |
| 2 | Daily SMA100 | 139.15 |
| 3 | Daily SMA200 | 135.49 |
The previous day high was 143.6 while the previous day low was 141.64. The daily 38.2% Fib levels comes at 142.39, expected to provide resistance. Similarly, the daily 61.8% fib level is at 142.85, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 141.06, 140.37, 139.1
- Pivot resistance is noted at 143.02, 144.29, 144.98
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 143.60 |
| Previous Daily Low | 141.64 |
| Previous Weekly High | 145.64 |
| Previous Weekly Low | 142.30 |
| Previous Monthly High | 139.73 |
| Previous Monthly Low | 133.40 |
| Daily Fibonacci 38.2% | 142.39 |
| Daily Fibonacci 61.8% | 142.85 |
| Daily Pivot Point S1 | 141.06 |
| Daily Pivot Point S2 | 140.37 |
| Daily Pivot Point S3 | 139.10 |
| Daily Pivot Point R1 | 143.02 |
| Daily Pivot Point R2 | 144.29 |
| Daily Pivot Point R3 | 144.98 |
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