EURJPY extends the weekly leg lower for the third session in a row. (Pivot Orderbook analysis)
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- EURJPY extends the weekly leg lower for the third session in a row.
- Immediately to the downside now comes the 144.00 region.
The pair currently trades last at 145.65.
The previous day high was 147.11 while the previous day low was 146.32. The daily 38.2% Fib levels comes at 146.81, expected to provide resistance. Similarly, the daily 61.8% fib level is at 146.62, expected to provide resistance.
EURJPY clinches the third straight day with losses and breaks below the key 146.00 support on Thursday.
The cross seems to have embarked on a corrective phase and the continuation of this stance could challenge the so far November low at 144.03 (November 3) in the short term. Further south awaits the 55-day SMA, today at 143.28.
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 138.03, the constructive outlook is expected to remain unchanged.
Technical Levels: Supports and Resistances
EURUSD currently trading at 145.65 at the time of writing. Pair opened at 146.68 and is trading with a change of -0.7 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 145.65 |
| 1 | Today Daily Change | 116.00 |
| 2 | Today Daily Change % | -0.70 |
| 3 | Today daily open | 146.68 |
The pair is trading below its 20 Daily moving average @ 146.28, above its 50 Daily moving average @ 143.66 , above its 100 Daily moving average @ 141.12 and above its 200 Daily moving average @ 138.0
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 146.28 |
| 1 | Daily SMA50 | 143.66 |
| 2 | Daily SMA100 | 141.12 |
| 3 | Daily SMA200 | 138.00 |
The previous day high was 147.11 while the previous day low was 146.32. The daily 38.2% Fib levels comes at 146.81, expected to provide resistance. Similarly, the daily 61.8% fib level is at 146.62, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 146.3, 145.91, 145.5
- Pivot resistance is noted at 147.09, 147.49, 147.88
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 147.11 |
| Previous Daily Low | 146.32 |
| Previous Weekly High | 147.76 |
| Previous Weekly Low | 144.04 |
| Previous Monthly High | 148.40 |
| Previous Monthly Low | 140.90 |
| Daily Fibonacci 38.2% | 146.81 |
| Daily Fibonacci 61.8% | 146.62 |
| Daily Pivot Point S1 | 146.30 |
| Daily Pivot Point S2 | 145.91 |
| Daily Pivot Point S3 | 145.50 |
| Daily Pivot Point R1 | 147.09 |
| Daily Pivot Point R2 | 147.49 |
| Daily Pivot Point R3 | 147.88 |
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