#EURJPY @ 141.073 rebounds strongly and surpasses the 141.00 barrier. (Pivot Orderbook analysis)
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- EUR/JPY rebounds strongly and surpasses the 141.00 barrier.
- A convincing breakout of the 200-day SMA (140.74) allows for further upside.
The pair currently trades last at 141.073.
The previous day high was 139.42 while the previous day low was 137.92. The daily 38.2% Fib levels comes at 138.85, expected to provide support. Similarly, the daily 61.8% fib level is at 138.49, expected to provide support.
EUR/JPY picks up strong upside traction and reverses the weekly consolidative theme, breaking above the critical 200-day SMA at the same time.
A sustainable breakout of the 200-day SMA, today at 140.74, should shift the outlook to a more constructive one and open the door to a probable visit to the key resistance area near 143.00 (high December 28, January 11).
On the downside, initial contention remains around the 138.00 zone for the time being.
Technical Levels: Supports and Resistances
EURJPY currently trading at 141.14 at the time of writing. Pair opened at 139.08 and is trading with a change of 1.48 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 141.14 |
| 1 | Today Daily Change | 216.00 |
| 2 | Today Daily Change % | 1.48 |
| 3 | Today daily open | 139.08 |
The pair is trading above its 20 Daily moving average @ 140.45, below its 50 Daily moving average @ 142.5 , below its 100 Daily moving average @ 143.13 and above its 200 Daily moving average @ 140.76
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 140.45 |
| 1 | Daily SMA50 | 142.50 |
| 2 | Daily SMA100 | 143.13 |
| 3 | Daily SMA200 | 140.76 |
The previous day high was 139.42 while the previous day low was 137.92. The daily 38.2% Fib levels comes at 138.85, expected to provide support. Similarly, the daily 61.8% fib level is at 138.49, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 138.19, 137.3, 136.69
- Pivot resistance is noted at 139.7, 140.31, 141.21
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 139.42 |
| Previous Daily Low | 137.92 |
| Previous Weekly High | 142.86 |
| Previous Weekly Low | 138.01 |
| Previous Monthly High | 146.73 |
| Previous Monthly Low | 138.80 |
| Daily Fibonacci 38.2% | 138.85 |
| Daily Fibonacci 61.8% | 138.49 |
| Daily Pivot Point S1 | 138.19 |
| Daily Pivot Point S2 | 137.30 |
| Daily Pivot Point S3 | 136.69 |
| Daily Pivot Point R1 | 139.70 |
| Daily Pivot Point R2 | 140.31 |
| Daily Pivot Point R3 | 141.21 |
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