#EURJPY @ 145.292 EURJPY fades Friday’s drop amidst erratic performance. (Pivot Orderbook analysis)
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- EURJPY fades Friday’s drop amidst erratic performance.
- Immediately to the upside comes the monthly highs near 147.00.
The pair currently trades last at 145.292.
The previous day high was 145.55 while the previous day low was 144.56. The daily 38.2% Fib levels comes at 144.94, expected to provide support. Similarly, the daily 61.8% fib level is at 145.17, expected to provide support.
EURJPY resumes the upside above the key 145.00 mark at the beginning 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). Above the latter, the door could open to a more meaningful move to the 2022 peak at 148.40 (October 21).
In the longer run, while above the key 200-day SMA at 138.47, the constructive outlook is expected to remain unchanged.
Technical Levels: Supports and Resistances
EURJPY currently trading at 145.37 at the time of writing. Pair opened at 144.96 and is trading with a change of 0.28 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 145.37 |
| 1 | Today Daily Change | 114.00 |
| 2 | Today Daily Change % | 0.28 |
| 3 | Today daily open | 144.96 |
The pair is trading below its 20 Daily moving average @ 145.76, above its 50 Daily moving average @ 144.06 , above its 100 Daily moving average @ 141.26 and above its 200 Daily moving average @ 138.45
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 145.76 |
| 1 | Daily SMA50 | 144.06 |
| 2 | Daily SMA100 | 141.26 |
| 3 | Daily SMA200 | 138.45 |
The previous day high was 145.55 while the previous day low was 144.56. The daily 38.2% Fib levels comes at 144.94, expected to provide support. Similarly, the daily 61.8% fib level is at 145.17, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 144.5, 144.03, 143.5
- Pivot resistance is noted at 145.49, 146.01, 146.48
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 145.55 |
| Previous Daily Low | 144.56 |
| Previous Weekly High | 145.55 |
| Previous Weekly Low | 143.35 |
| Previous Monthly High | 148.40 |
| Previous Monthly Low | 140.90 |
| Daily Fibonacci 38.2% | 144.94 |
| Daily Fibonacci 61.8% | 145.17 |
| Daily Pivot Point S1 | 144.50 |
| Daily Pivot Point S2 | 144.03 |
| Daily Pivot Point S3 | 143.50 |
| Daily Pivot Point R1 | 145.49 |
| Daily Pivot Point R2 | 146.01 |
| Daily Pivot Point R3 | 146.48 |
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