#EURJPY @ 141.542 looks consolidative above the 141.00 mark. (Pivot Orderbook analysis)
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- EUR/JPY looks consolidative above the 141.00 mark.
- Extra side-lined trading looks likely in the short term.
The pair currently trades last at 141.542.
The previous day high was 141.82 while the previous day low was 140.9. The daily 38.2% Fib levels comes at 141.25, expected to provide support. Similarly, the daily 61.8% fib level is at 141.47, expected to provide support.
EUR/JPY trades without a clear direction and appears somewhat stabilized following the recent multi-session retracement.
Further range bound seems on the cards for the time being, always above the current contention area around 141.00. The breach of this region could open the door to a deeper pullback to the 139.84/55 band, where the 100- and 55-day SMAs coincide.
In the meantime, while above the key 200-day SMA at 136.25, the constructive outlook for the cross should remain unchanged.
Technical Levels: Supports and Resistances
EURJPY currently trading at 141.44 at the time of writing. Pair opened at 141.41 and is trading with a change of 0.02 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 141.44 |
| 1 | Today Daily Change | 72.00 |
| 2 | Today Daily Change % | 0.02 |
| 3 | Today daily open | 141.41 |
The pair is trading below its 20 Daily moving average @ 141.87, above its 50 Daily moving average @ 139.78 , above its 100 Daily moving average @ 139.84 and above its 200 Daily moving average @ 136.24
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 141.87 |
| 1 | Daily SMA50 | 139.78 |
| 2 | Daily SMA100 | 139.84 |
| 3 | Daily SMA200 | 136.24 |
The previous day high was 141.82 while the previous day low was 140.9. The daily 38.2% Fib levels comes at 141.25, expected to provide support. Similarly, the daily 61.8% fib level is at 141.47, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 140.94, 140.46, 140.02
- Pivot resistance is noted at 141.85, 142.29, 142.77
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 141.82 |
| Previous Daily Low | 140.90 |
| Previous Weekly High | 144.09 |
| Previous Weekly Low | 141.19 |
| Previous Monthly High | 145.64 |
| Previous Monthly Low | 137.38 |
| Daily Fibonacci 38.2% | 141.25 |
| Daily Fibonacci 61.8% | 141.47 |
| Daily Pivot Point S1 | 140.94 |
| Daily Pivot Point S2 | 140.46 |
| Daily Pivot Point S3 | 140.02 |
| Daily Pivot Point R1 | 141.85 |
| Daily Pivot Point R2 | 142.29 |
| Daily Pivot Point R3 | 142.77 |
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