#EURJPY @ 140.070 comes under further pressure below the 200-day SMA. (Pivot Orderbook analysis)
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- EUR/JPY comes under further pressure below the 200-day SMA.
- The continuation of the downtrend could see the 138.00 region revisited.
The pair currently trades last at 140.070.
The previous day high was 141.38 while the previous day low was 140.46. The daily 38.2% Fib levels comes at 141.02, expected to provide resistance. Similarly, the daily 61.8% fib level is at 140.81, expected to provide resistance.
EUR/JPY reverses the recent 2-day bounce and drops to 3-week lows in the 139.50 zone at the end of the week.
While the cross is expected to maintain the side-lined theme in the short term, a convincing breakdown of the 200-day SMA at 141.03 should open the taps to extra weakness with the immediate target at the contention zone around 138.00.
In the meantme, below the 200-day SMA, the outlook for the cross is expected to remain bearish.
Technical Levels: Supports and Resistances
EURJPY currently trading at 140.11 at the time of writing. Pair opened at 141.28 and is trading with a change of -0.83 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 140.11 |
| 1 | Today Daily Change | 196.00 |
| 2 | Today Daily Change % | -0.83 |
| 3 | Today daily open | 141.28 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 140.73, 50 SMA 141.6, 100 SMA @ 142.94 and 200 SMA @ 141.06.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 140.73 |
| 1 | Daily SMA50 | 141.60 |
| 2 | Daily SMA100 | 142.94 |
| 3 | Daily SMA200 | 141.06 |
The previous day high was 141.38 while the previous day low was 140.46. The daily 38.2% Fib levels comes at 141.02, expected to provide resistance. Similarly, the daily 61.8% fib level is at 140.81, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 140.7, 140.12, 139.78
- Pivot resistance is noted at 141.61, 141.95, 142.53
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 141.38 |
| Previous Daily Low | 140.46 |
| Previous Weekly High | 142.34 |
| Previous Weekly Low | 139.93 |
| Previous Monthly High | 142.86 |
| Previous Monthly Low | 137.39 |
| Daily Fibonacci 38.2% | 141.02 |
| Daily Fibonacci 61.8% | 140.81 |
| Daily Pivot Point S1 | 140.70 |
| Daily Pivot Point S2 | 140.12 |
| Daily Pivot Point S3 | 139.78 |
| Daily Pivot Point R1 | 141.61 |
| Daily Pivot Point R2 | 141.95 |
| Daily Pivot Point R3 | 142.53 |
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