#EURJPY @ 145.054 EURJPY reverses two daily advances in a row on Friday. (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 reverses two daily advances in a row on Friday.
- Further upside is still expected to meet resistance around 147.00.
The pair currently trades last at 145.054.
The previous day high was 145.48 while the previous day low was 144.45. The daily 38.2% Fib levels comes at 145.08, expected to provide resistance. Similarly, the daily 61.8% fib level is at 144.84, expected to provide support.
EURJPY gives away some ground following an earlier bullish attempt to the 145.50 region at the end of the week.
If the corrective bounce becomes more serious, then the cross should face initial resistance at the so far November high at 147.11 (November 9). The surpass of this level could open the door to a more meaningful move to the 2022 peak at 148.40 (October 21).
In the meantime, further gains look in store in the near term as long as the cross navigates above the 3-month support line near 141.20. This area of contention is also propped up by the October lows in the 141.00 region.
In the longer run, while above the key 200-day SMA at 138.40, the constructive outlook is expected to remain unchanged.
Technical Levels: Supports and Resistances
EURJPY currently trading at 145.2 at the time of writing. Pair opened at 145.36 and is trading with a change of -0.11 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 145.20 |
| 1 | Today Daily Change | 66.00 |
| 2 | Today Daily Change % | -0.11 |
| 3 | Today daily open | 145.36 |
The pair is trading below its 20 Daily moving average @ 145.81, above its 50 Daily moving average @ 144.03 , above its 100 Daily moving average @ 141.22 and above its 200 Daily moving average @ 138.37
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 145.81 |
| 1 | Daily SMA50 | 144.03 |
| 2 | Daily SMA100 | 141.22 |
| 3 | Daily SMA200 | 138.37 |
The previous day high was 145.48 while the previous day low was 144.45. The daily 38.2% Fib levels comes at 145.08, expected to provide resistance. Similarly, the daily 61.8% fib level is at 144.84, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 144.71, 144.07, 143.68
- Pivot resistance is noted at 145.74, 146.12, 146.77
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 145.48 |
| Previous Daily Low | 144.45 |
| Previous Weekly High | 147.11 |
| Previous Weekly Low | 142.56 |
| Previous Monthly High | 148.40 |
| Previous Monthly Low | 140.90 |
| Daily Fibonacci 38.2% | 145.08 |
| Daily Fibonacci 61.8% | 144.84 |
| Daily Pivot Point S1 | 144.71 |
| Daily Pivot Point S2 | 144.07 |
| Daily Pivot Point S3 | 143.68 |
| Daily Pivot Point R1 | 145.74 |
| Daily Pivot Point R2 | 146.12 |
| Daily Pivot Point R3 | 146.77 |
[/s2If]
Join Our Telegram Group
