EURJPY adds to Friday’s strong advance and approaches 147.00. (Pivot Orderbook analysis)
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- EURJPY adds to Friday’s strong advance and approaches 147.00.
- Further rebound is expected to target the YTD peak around 148.40.
The pair currently trades last at 146.42.
The previous day high was 146.15 while the previous day low was 144.24. The daily 38.2% Fib levels comes at 145.42, expected to provide support. Similarly, the daily 61.8% fib level is at 144.96, expected to provide support.
EURJPY extends Friday’s marked bounce and pokes with the vicinity of the 147.00 region at the beginning of the week.
The continuation of the recovery looks favoured in the very near term and EURJPY could then retarget the 2022 top at 148.40 (October 21) ahead of the round level at 150.00.
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 137.78, the constructive outlook is expected to remain unchanged.
Technical Levels: Supports and Resistances
EURUSD currently trading at 146.42 at the time of writing. Pair opened at 145.85 and is trading with a change of 0.39 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 146.42 |
| 1 | Today Daily Change | 136.00 |
| 2 | Today Daily Change % | 0.39 |
| 3 | Today daily open | 145.85 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 145.56, 50 SMA 143.21, 100 SMA @ 141.02 and 200 SMA @ 137.74.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 145.56 |
| 1 | Daily SMA50 | 143.21 |
| 2 | Daily SMA100 | 141.02 |
| 3 | Daily SMA200 | 137.74 |
The previous day high was 146.15 while the previous day low was 144.24. The daily 38.2% Fib levels comes at 145.42, expected to provide support. Similarly, the daily 61.8% fib level is at 144.96, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 144.68, 143.5, 142.77
- Pivot resistance is noted at 146.59, 147.32, 148.5
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 146.15 |
| Previous Daily Low | 144.24 |
| Previous Weekly High | 147.76 |
| Previous Weekly Low | 144.04 |
| Previous Monthly High | 148.40 |
| Previous Monthly Low | 140.90 |
| Daily Fibonacci 38.2% | 145.42 |
| Daily Fibonacci 61.8% | 144.96 |
| Daily Pivot Point S1 | 144.68 |
| Daily Pivot Point S2 | 143.50 |
| Daily Pivot Point S3 | 142.77 |
| Daily Pivot Point R1 | 146.59 |
| Daily Pivot Point R2 | 147.32 |
| Daily Pivot Point R3 | 148.50 |
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