#EURJPY @ 140.837 corrects sharply lower and breaks below 141.00. (Pivot Orderbook analysis)
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- EUR/JPY corrects sharply lower and breaks below 141.00.
- The 143.00 area (high December 28) remains a tough hurdle for bulls.
The pair currently trades last at 140.837.
The previous day high was 142.86 while the previous day low was 141.82. The daily 38.2% Fib levels comes at 142.46, expected to provide resistance. Similarly, the daily 61.8% fib level is at 142.22, expected to provide resistance.
EUR/JPY markedly reverses four consecutive daily advances and slips back below the 141.00 mark after being rejected from the vicinity of 143.00 on Wednesday.
Despite the ongoing knee-jerk, further upside remains favoured in the near term. Against that, the immediate up barrier appears at the weekly high at 142.93 (December 28), which appears reinforced by the vicinity of the 100-day SMA, today at 143.09.
The outlook for EUR/JPY should remain positive while above the 200-day SMA at 140.65.
Technical Levels: Supports and Resistances
EURJPY currently trading at 140.9 at the time of writing. Pair opened at 142.52 and is trading with a change of -1.14 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 140.90 |
| 1 | Today Daily Change | 173.00 |
| 2 | Today Daily Change % | -1.14 |
| 3 | Today daily open | 142.52 |
The pair is trading below its 20 Daily moving average @ 141.58, below its 50 Daily moving average @ 143.3 , below its 100 Daily moving average @ 143.08 and above its 200 Daily moving average @ 140.66
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 141.58 |
| 1 | Daily SMA50 | 143.30 |
| 2 | Daily SMA100 | 143.08 |
| 3 | Daily SMA200 | 140.66 |
The previous day high was 142.86 while the previous day low was 141.82. The daily 38.2% Fib levels comes at 142.46, expected to provide resistance. Similarly, the daily 61.8% fib level is at 142.22, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 141.94, 141.37, 140.91
- Pivot resistance is noted at 142.98, 143.43, 144.01
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 142.86 |
| Previous Daily Low | 141.82 |
| Previous Weekly High | 141.45 |
| Previous Weekly Low | 137.39 |
| Previous Monthly High | 146.73 |
| Previous Monthly Low | 138.80 |
| Daily Fibonacci 38.2% | 142.46 |
| Daily Fibonacci 61.8% | 142.22 |
| Daily Pivot Point S1 | 141.94 |
| Daily Pivot Point S2 | 141.37 |
| Daily Pivot Point S3 | 140.91 |
| Daily Pivot Point R1 | 142.98 |
| Daily Pivot Point R2 | 143.43 |
| Daily Pivot Point R3 | 144.01 |
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