#EURJPY @ 139.093 manages to reverse an earlier steep drop to 137.30. (Pivot Orderbook analysis)
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- EUR/JPY manages to reverse an earlier steep drop to 137.30.
- Chances of a potential test of the 200-day SMA look on the rise.
The pair currently trades last at 139.093.
The previous day high was 140.26 while the previous day low was 138.67. The daily 38.2% Fib levels comes at 139.28, expected to provide resistance. Similarly, the daily 61.8% fib level is at 139.65, expected to provide resistance.
EUR/JPY now regains ground lost and flirts with the positive territory following the strong pullback to the 137.30 region during early trade.
The continuation of the downtrend appears likely in the very near term, particularly against the backdrop of a weaker euro and the prospects for further FX intervention by the BoJ/MoF.
That said, a deeper pullback to the 200-day SMA, today at 135.61, should not be ruled out yet.
Technical Levels: Supports and Resistances
EURJPY currently trading at 138.98 at the time of writing. Pair opened at 138.88 and is trading with a change of 0.07 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 138.98 |
| 1 | Today Daily Change | 208.00 |
| 2 | Today Daily Change % | 0.07 |
| 3 | Today daily open | 138.88 |
The pair is trading below its 20 Daily moving average @ 141.73, below its 50 Daily moving average @ 139.21 , below its 100 Daily moving average @ 139.2 and above its 200 Daily moving average @ 135.6
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 141.73 |
| 1 | Daily SMA50 | 139.21 |
| 2 | Daily SMA100 | 139.20 |
| 3 | Daily SMA200 | 135.60 |
The previous day high was 140.26 while the previous day low was 138.67. The daily 38.2% Fib levels comes at 139.28, expected to provide resistance. Similarly, the daily 61.8% fib level is at 139.65, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 138.28, 137.68, 136.69
- Pivot resistance is noted at 139.87, 140.86, 141.46
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 140.26 |
| Previous Daily Low | 138.67 |
| Previous Weekly High | 144.04 |
| Previous Weekly Low | 138.67 |
| Previous Monthly High | 139.73 |
| Previous Monthly Low | 133.40 |
| Daily Fibonacci 38.2% | 139.28 |
| Daily Fibonacci 61.8% | 139.65 |
| Daily Pivot Point S1 | 138.28 |
| Daily Pivot Point S2 | 137.68 |
| Daily Pivot Point S3 | 136.69 |
| Daily Pivot Point R1 | 139.87 |
| Daily Pivot Point R2 | 140.86 |
| Daily Pivot Point R3 | 141.46 |
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