#EURJPY @ 141.162 breaks below the 141.00 mark to record new 3-month lows. (Pivot Orderbook analysis)
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- EUR/JPY breaks below the 141.00 mark to record new 3-month lows.
- Extra losses now target the key 200-day SMA just above 139.00.
The pair currently trades last at 141.162.
The previous day high was 143.77 while the previous day low was 141.9. The daily 38.2% Fib levels comes at 142.62, expected to provide resistance. Similarly, the daily 61.8% fib level is at 143.06, expected to provide resistance.
EUR/JPY remains entrenched in the negative territory and drops to new 3-month lows in the 140.80/75 band at the end of the week.
The sharp pullback breached the 4-month support line and left the cross vulnerable to a deeper decline. Against that, the next support of relevance is expected at the critical 200-day SMA, today at 139.08.
The outlook for EUR/JPY is expected to remain positive while above this region.
Technical Levels: Supports and Resistances
EURJPY currently trading at 141.18 at the time of writing. Pair opened at 142.4 and is trading with a change of -0.86 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 141.18 |
| 1 | Today Daily Change | 171.00 |
| 2 | Today Daily Change % | -0.86 |
| 3 | Today daily open | 142.40 |
The pair is trading below its 20 Daily moving average @ 144.77, below its 50 Daily moving average @ 144.29 , below its 100 Daily moving average @ 141.75 and above its 200 Daily moving average @ 139.07
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 144.77 |
| 1 | Daily SMA50 | 144.29 |
| 2 | Daily SMA100 | 141.75 |
| 3 | Daily SMA200 | 139.07 |
The previous day high was 143.77 while the previous day low was 141.9. The daily 38.2% Fib levels comes at 142.62, expected to provide resistance. Similarly, the daily 61.8% fib level is at 143.06, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 141.61, 140.82, 139.74
- Pivot resistance is noted at 143.48, 144.56, 145.35
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 143.77 |
| Previous Daily Low | 141.90 |
| Previous Weekly High | 146.14 |
| Previous Weekly Low | 143.65 |
| Previous Monthly High | 147.12 |
| Previous Monthly Low | 142.56 |
| Daily Fibonacci 38.2% | 142.62 |
| Daily Fibonacci 61.8% | 143.06 |
| Daily Pivot Point S1 | 141.61 |
| Daily Pivot Point S2 | 140.82 |
| Daily Pivot Point S3 | 139.74 |
| Daily Pivot Point R1 | 143.48 |
| Daily Pivot Point R2 | 144.56 |
| Daily Pivot Point R3 | 145.35 |
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