#EURJPY @ 145.080 comes under pressure after hitting new yearly peaks. (Pivot Orderbook analysis)
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- EUR/JPY comes under pressure after hitting new yearly peaks.
- The continuation of the uptrend should revisit the December 2022 top.
The pair currently trades last at 145.080.
The previous day high was 145.29 while the previous day low was 143.96. The daily 38.2% Fib levels comes at 144.78, expected to provide support. Similarly, the daily 61.8% fib level is at 144.47, expected to provide support.
EUR/JPY deflates from earlier YTD highs in the 145.50 region on Thursday.
The continuation of the current upside momentum faces the immediate hurdle at the 2023 high at 145.56 (March 2). Once this level is cleared, the par could then challenge the December 2022 top at 146.72 (December 15) ahead of the 2022 high at 148.40 (October 21 2022).
In the meantime, while above the 200-day SMA, today at 141.59, the outlook for the cross is expected to remain positive.
Technical Levels: Supports and Resistances
EURJPY currently trading at 145.12 at the time of writing. Pair opened at 145.24 and is trading with a change of -0.08 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 145.12 |
| 1 | Today Daily Change | 64.00 |
| 2 | Today Daily Change % | -0.08 |
| 3 | Today daily open | 145.24 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 142.62, 50 SMA 141.5, 100 SMA @ 143.2 and 200 SMA @ 141.58.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 142.62 |
| 1 | Daily SMA50 | 141.50 |
| 2 | Daily SMA100 | 143.20 |
| 3 | Daily SMA200 | 141.58 |
The previous day high was 145.29 while the previous day low was 143.96. The daily 38.2% Fib levels comes at 144.78, expected to provide support. Similarly, the daily 61.8% fib level is at 144.47, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 144.37, 143.5, 143.04
- Pivot resistance is noted at 145.7, 146.16, 147.03
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 145.29 |
| Previous Daily Low | 143.96 |
| Previous Weekly High | 144.16 |
| Previous Weekly Low | 142.16 |
| Previous Monthly High | 145.47 |
| Previous Monthly Low | 139.55 |
| Daily Fibonacci 38.2% | 144.78 |
| Daily Fibonacci 61.8% | 144.47 |
| Daily Pivot Point S1 | 144.37 |
| Daily Pivot Point S2 | 143.50 |
| Daily Pivot Point S3 | 143.04 |
| Daily Pivot Point R1 | 145.70 |
| Daily Pivot Point R2 | 146.16 |
| Daily Pivot Point R3 | 147.03 |
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