#EURJPY @ 146.733 resumes the upside and retests the area beyond 147.00. (Pivot Orderbook analysis)
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- EUR/JPY resumes the upside and retests the area beyond 147.00.
- The recent YTD high at 148.40 (October 21) comes next.
The pair currently trades last at 146.733.
The previous day high was 148.4 while the previous day low was 144.1. The daily 38.2% Fib levels comes at 145.75, expected to provide support. Similarly, the daily 61.8% fib level is at 146.76, expected to provide resistance.
EUR/JPY fades Friday’s strong retracement and regains the 147.00 barrier and above at the beginning of the week.
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 2022 high at 148.40 (October 21) prior to the December 2014 top 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 136.92, the constructive outlook for the cross should remain unchanged.
Technical Levels: Supports and Resistances
EURJPY currently trading at 146.74 at the time of writing. Pair opened at 145.91 and is trading with a change of 0.57 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 146.74 |
| 1 | Today Daily Change | 367.00 |
| 2 | Today Daily Change % | 0.57 |
| 3 | Today daily open | 145.91 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 143.11, 50 SMA 141.28, 100 SMA @ 140.51 and 200 SMA @ 136.88.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 143.11 |
| 1 | Daily SMA50 | 141.28 |
| 2 | Daily SMA100 | 140.51 |
| 3 | Daily SMA200 | 136.88 |
The previous day high was 148.4 while the previous day low was 144.1. The daily 38.2% Fib levels comes at 145.75, expected to provide support. Similarly, the daily 61.8% fib level is at 146.76, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 143.88, 141.84, 139.58
- Pivot resistance is noted at 148.18, 150.44, 152.48
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 148.40 |
| Previous Daily Low | 144.10 |
| Previous Weekly High | 148.40 |
| Previous Weekly Low | 144.10 |
| Previous Monthly High | 145.64 |
| Previous Monthly Low | 137.38 |
| Daily Fibonacci 38.2% | 145.75 |
| Daily Fibonacci 61.8% | 146.76 |
| Daily Pivot Point S1 | 143.88 |
| Daily Pivot Point S2 | 141.84 |
| Daily Pivot Point S3 | 139.58 |
| Daily Pivot Point R1 | 148.18 |
| Daily Pivot Point R2 | 150.44 |
| Daily Pivot Point R3 | 152.48 |
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