#EURJPY @ 147.524 adds to Thursday’s gains and prints new highs. (Pivot Orderbook analysis)
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- EUR/JPY adds to Thursday’s gains and prints new highs.
- Further upside could target the 149.80 region in the short term.
The pair currently trades last at 147.524.
The previous day high was 147.3 while the previous day low was 146.24. The daily 38.2% Fib levels comes at 146.89, expected to provide support. Similarly, the daily 61.8% fib level is at 146.64, expected to provide support.
EUR/JPY extends the optimism seen in the second half of the week and advances to new cycle highs around 147.60 on Friday.
Considering the current price action in the cross, the door still looks open to extra upside. That said, the immediate target now emerges at the December 2014 high at 149.78 (December 8).
In the short term the upside momentum is expected to persist while above the October lows near 141.00.
In the longer run, while above the key 200-day SMA at 136.85, the constructive outlook for the cross should remain unchanged.
Technical Levels: Supports and Resistances
EURJPY currently trading at 147.55 at the time of writing. Pair opened at 147.0 and is trading with a change of 0.37 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 147.55 |
| 1 | Today Daily Change | 107.00 |
| 2 | Today Daily Change % | 0.37 |
| 3 | Today daily open | 147.00 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 142.76, 50 SMA 141.1, 100 SMA @ 140.45 and 200 SMA @ 136.8.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 142.76 |
| 1 | Daily SMA50 | 141.10 |
| 2 | Daily SMA100 | 140.45 |
| 3 | Daily SMA200 | 136.80 |
The previous day high was 147.3 while the previous day low was 146.24. The daily 38.2% Fib levels comes at 146.89, expected to provide support. Similarly, the daily 61.8% fib level is at 146.64, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 146.39, 145.78, 145.33
- Pivot resistance is noted at 147.45, 147.91, 148.52
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 147.30 |
| Previous Daily Low | 146.24 |
| Previous Weekly High | 144.85 |
| Previous Weekly Low | 140.90 |
| Previous Monthly High | 145.64 |
| Previous Monthly Low | 137.38 |
| Daily Fibonacci 38.2% | 146.89 |
| Daily Fibonacci 61.8% | 146.64 |
| Daily Pivot Point S1 | 146.39 |
| Daily Pivot Point S2 | 145.78 |
| Daily Pivot Point S3 | 145.33 |
| Daily Pivot Point R1 | 147.45 |
| Daily Pivot Point R2 | 147.91 |
| Daily Pivot Point R3 | 148.52 |
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