#EURJPY @ 141.203 comes under some pressure and fades two daily gains in a row. (Pivot Orderbook analysis)
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- EUR/JPY comes under some pressure and fades two daily gains in a row.
- There is still room for a potential rebound to the 144.00 region.
The pair currently trades last at 141.203.
The previous day high was 141.82 while the previous day low was 139.42. The daily 38.2% Fib levels comes at 140.91, expected to provide support. Similarly, the daily 61.8% fib level is at 140.34, expected to provide support.
EUR/JPY seems to have met decent resistance around daily highs near 142.30 at the end of the week.
The continuation of the bounce off last week’s lows remains on the table in the very near term. That said, the cross could therefore extend the bullish attempt to the weekly top at 144.04 (September 20), which is deemed as the last defense for a move to the 2022 peak at 145.63 (September 12).
In the meantime, while above the key 200-day SMA at 135.84, the constructive outlook for the cross should remain unchanged.
Technical Levels: Supports and Resistances
EURJPY currently trading at 141.08 at the time of writing. Pair opened at 141.82 and is trading with a change of -0.52 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 141.08 |
| 1 | Today Daily Change | 135.00 |
| 2 | Today Daily Change % | -0.52 |
| 3 | Today daily open | 141.82 |
The pair is trading below its 20 Daily moving average @ 141.89, above its 50 Daily moving average @ 139.16 , above its 100 Daily moving average @ 139.35 and above its 200 Daily moving average @ 135.82
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 141.89 |
| 1 | Daily SMA50 | 139.16 |
| 2 | Daily SMA100 | 139.35 |
| 3 | Daily SMA200 | 135.82 |
The previous day high was 141.82 while the previous day low was 139.42. The daily 38.2% Fib levels comes at 140.91, expected to provide support. Similarly, the daily 61.8% fib level is at 140.34, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 140.22, 138.62, 137.82
- Pivot resistance is noted at 142.62, 143.42, 145.03
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 141.82 |
| Previous Daily Low | 139.42 |
| Previous Weekly High | 144.04 |
| Previous Weekly Low | 138.67 |
| Previous Monthly High | 139.73 |
| Previous Monthly Low | 133.40 |
| Daily Fibonacci 38.2% | 140.91 |
| Daily Fibonacci 61.8% | 140.34 |
| Daily Pivot Point S1 | 140.22 |
| Daily Pivot Point S2 | 138.62 |
| Daily Pivot Point S3 | 137.82 |
| Daily Pivot Point R1 | 142.62 |
| Daily Pivot Point R2 | 143.42 |
| Daily Pivot Point R3 | 145.03 |
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