#EURJPY @ 143.187 comes under pressure following recent YTD peaks. (Pivot Orderbook analysis)
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
- EUR/JPY comes under pressure following recent YTD peaks.
- Further upside should refocus on the December 2022 high near 146.70.
The pair currently trades last at 143.187.
The previous day high was 144.16 while the previous day low was 143.17. The daily 38.2% Fib levels comes at 143.78, expected to provide resistance. Similarly, the daily 61.8% fib level is at 143.55, expected to provide resistance.
EUR/JPY faces some selling pressure after surpassing the 144.00 hurdle on Tuesday, or new 2023 tops.
While the cross looks somewhat side-lined for the time being, a convincing breakout of the 2023 high at 144.16 (February 21) could spark extra strength to, initially, the December 2022 peak at 146.72 (December 15).
In the meantime, while above the 200-day SMA, today at 141.34, the outlook for the cross is expected to remain positive.
Technical Levels: Supports and Resistances
EURJPY currently trading at 143.18 at the time of writing. Pair opened at 143.66 and is trading with a change of -0.33 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 143.18 |
| 1 | Today Daily Change | 83.00 |
| 2 | Today Daily Change % | -0.33 |
| 3 | Today daily open | 143.66 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 141.9, 50 SMA 141.45, 100 SMA @ 143.09 and 200 SMA @ 141.33.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 141.90 |
| 1 | Daily SMA50 | 141.45 |
| 2 | Daily SMA100 | 143.09 |
| 3 | Daily SMA200 | 141.33 |
The previous day high was 144.16 while the previous day low was 143.17. The daily 38.2% Fib levels comes at 143.78, expected to provide resistance. Similarly, the daily 61.8% fib level is at 143.55, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 143.16, 142.67, 142.17
- Pivot resistance is noted at 144.16, 144.66, 145.15
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 144.16 |
| Previous Daily Low | 143.17 |
| Previous Weekly High | 143.67 |
| Previous Weekly Low | 140.19 |
| Previous Monthly High | 142.86 |
| Previous Monthly Low | 137.39 |
| Daily Fibonacci 38.2% | 143.78 |
| Daily Fibonacci 61.8% | 143.55 |
| Daily Pivot Point S1 | 143.16 |
| Daily Pivot Point S2 | 142.67 |
| Daily Pivot Point S3 | 142.17 |
| Daily Pivot Point R1 | 144.16 |
| Daily Pivot Point R2 | 144.66 |
| Daily Pivot Point R3 | 145.15 |
[/s2If]
Join Our Telegram Group
