#EURJPY @ 138.485 adds to Tuesday’s retracement and retests the 138.00 zone. (Pivot Orderbook analysis)
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- EUR/JPY adds to Tuesday’s retracement and retests the 138.00 zone.
- Further decline could see the September low near 137.30 retested.
The pair currently trades last at 138.485.
The previous day high was 139.55 while the previous day low was 138.61. The daily 38.2% Fib levels comes at 138.97, expected to provide resistance. Similarly, the daily 61.8% fib level is at 139.19, expected to provide resistance.
EUR/JPY extends the weekly corrective downside to the vicinity of 138.00 the figure on Wednesday.
Considering the ongoing price action, further weakness should not be ruled out, particularly against prospects for further weakness in the euro and the spectre of more FX intervention by the BoJ/MoF.
Against that, a breach of the September low at 137.36 (September 26) could put a visit to the 200-day SMA at 135.71 back on the radar in the short-term horizon.
Technical Levels: Supports and Resistances
EURJPY currently trading at 138.37 at the time of writing. Pair opened at 138.91 and is trading with a change of -0.39 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 138.37 |
| 1 | Today Daily Change | 93.00 |
| 2 | Today Daily Change % | -0.39 |
| 3 | Today daily open | 138.91 |
The pair is trading below its 20 Daily moving average @ 141.74, below its 50 Daily moving average @ 139.14 , below its 100 Daily moving average @ 139.23 and above its 200 Daily moving average @ 135.7
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 141.74 |
| 1 | Daily SMA50 | 139.14 |
| 2 | Daily SMA100 | 139.23 |
| 3 | Daily SMA200 | 135.70 |
The previous day high was 139.55 while the previous day low was 138.61. The daily 38.2% Fib levels comes at 138.97, expected to provide resistance. Similarly, the daily 61.8% fib level is at 139.19, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 138.5, 138.09, 137.57
- Pivot resistance is noted at 139.44, 139.96, 140.37
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 139.55 |
| Previous Daily Low | 138.61 |
| Previous Weekly High | 144.04 |
| Previous Weekly Low | 138.67 |
| Previous Monthly High | 139.73 |
| Previous Monthly Low | 133.40 |
| Daily Fibonacci 38.2% | 138.97 |
| Daily Fibonacci 61.8% | 139.19 |
| Daily Pivot Point S1 | 138.50 |
| Daily Pivot Point S2 | 138.09 |
| Daily Pivot Point S3 | 137.57 |
| Daily Pivot Point R1 | 139.44 |
| Daily Pivot Point R2 | 139.96 |
| Daily Pivot Point R3 | 140.37 |
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