EURJPY extends the weekly pullback well below 145.00 (Pivot Orderbook analysis)
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
- EURJPY extends the weekly pullback well below 145.00
- The continuation of the downtrend could retest the 143.70 region.
The pair currently trades last at 144.57.
The previous day high was 146.57 while the previous day low was 145.04. The daily 38.2% Fib levels comes at 145.62, expected to provide resistance. Similarly, the daily 61.8% fib level is at 145.99, expected to provide resistance.
EURJPY remains under heavy pressure and drops to multi-session lows in the mid-144.00s on Thursday.
Further weakness appears likely in the near term and the cross could then slip back to the weekly low at 143.72 (October 24). The loss of this level could open the door to a test of the 55-day SMA at 142.40.
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 137.61, the constructive outlook is expected to remain unchanged.
Technical Levels: Supports and Resistances
EURUSD currently trading at 144.57 at the time of writing. Pair opened at 145.27 and is trading with a change of -0.48 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 144.57 |
| 1 | Today Daily Change | 106.00 |
| 2 | Today Daily Change % | -0.48 |
| 3 | Today daily open | 145.27 |
The pair is trading below its 20 Daily moving average @ 145.23, above its 50 Daily moving average @ 142.87 , above its 100 Daily moving average @ 140.93 and above its 200 Daily moving average @ 137.57
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 145.23 |
| 1 | Daily SMA50 | 142.87 |
| 2 | Daily SMA100 | 140.93 |
| 3 | Daily SMA200 | 137.57 |
The previous day high was 146.57 while the previous day low was 145.04. The daily 38.2% Fib levels comes at 145.62, expected to provide resistance. Similarly, the daily 61.8% fib level is at 145.99, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 144.68, 144.09, 143.14
- Pivot resistance is noted at 146.22, 147.17, 147.76
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 146.57 |
| Previous Daily Low | 145.04 |
| Previous Weekly High | 147.72 |
| Previous Weekly Low | 143.73 |
| Previous Monthly High | 148.40 |
| Previous Monthly Low | 140.90 |
| Daily Fibonacci 38.2% | 145.62 |
| Daily Fibonacci 61.8% | 145.99 |
| Daily Pivot Point S1 | 144.68 |
| Daily Pivot Point S2 | 144.09 |
| Daily Pivot Point S3 | 143.14 |
| Daily Pivot Point R1 | 146.22 |
| Daily Pivot Point R2 | 147.17 |
| Daily Pivot Point R3 | 147.76 |
[/s2If]
Join Our Telegram Group
