#EURJPY @ 144.714 fades the earlier bull run to the 145.20 region on Wednesday. (Pivot Orderbook analysis)
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- EUR/JPY fades the earlier bull run to the 145.20 region on Wednesday.
- Next on the upside comes the 2023 high near 145.60.
The pair currently trades last at 144.714.
The previous day high was 145.44 while the previous day low was 144.56. The daily 38.2% Fib levels comes at 144.9, expected to provide resistance. Similarly, the daily 61.8% fib level is at 145.11, expected to provide resistance.
EUR/JPY now alternates gains with losses below the 145.00 mark after the initial move to 145.20 lacked follow through on Wednesday.
Further side-lined trading seems likely for the time being. However, the breakout of this theme should see the next hurdle at the 2023 high at 145.56 (March 2). Beyond this level, the cross could dispute the December 2022 top at 146.72 (December 15) prior to the 2022 high at 148.40 (October 21 2022).
In the meantime, while above the 200-day SMA, today at 141.73, the outlook for the cross is expected to remain positive.
Technical Levels: Supports and Resistances
EURJPY currently trading at 144.67 at the time of writing. Pair opened at 144.7 and is trading with a change of -0.02 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 144.67 |
| 1 | Today Daily Change | 72.00 |
| 2 | Today Daily Change % | -0.02 |
| 3 | Today daily open | 144.70 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 143.34, 50 SMA 141.79, 100 SMA @ 143.17 and 200 SMA @ 141.73.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 143.34 |
| 1 | Daily SMA50 | 141.79 |
| 2 | Daily SMA100 | 143.17 |
| 3 | Daily SMA200 | 141.73 |
The previous day high was 145.44 while the previous day low was 144.56. The daily 38.2% Fib levels comes at 144.9, expected to provide resistance. Similarly, the daily 61.8% fib level is at 145.11, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 144.36, 144.02, 143.48
- Pivot resistance is noted at 145.24, 145.78, 146.12
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 145.44 |
| Previous Daily Low | 144.56 |
| Previous Weekly High | 145.57 |
| Previous Weekly Low | 143.57 |
| Previous Monthly High | 145.47 |
| Previous Monthly Low | 139.55 |
| Daily Fibonacci 38.2% | 144.90 |
| Daily Fibonacci 61.8% | 145.11 |
| Daily Pivot Point S1 | 144.36 |
| Daily Pivot Point S2 | 144.02 |
| Daily Pivot Point S3 | 143.48 |
| Daily Pivot Point R1 | 145.24 |
| Daily Pivot Point R2 | 145.78 |
| Daily Pivot Point R3 | 146.12 |
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