#EURJPY @ 144.126 accelerate losses and drops to the sub-144.00 region. (Pivot Orderbook analysis)
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- EUR/JPY accelerate losses and drops to the sub-144.00 region.
- There is an interim support at the 100-day SMA just above 143.00.
The pair currently trades last at 144.126.
The previous day high was 145.24 while the previous day low was 144.24. The daily 38.2% Fib levels comes at 144.85, expected to provide resistance. Similarly, the daily 61.8% fib level is at 144.62, expected to provide resistance.
EUR/JPY fades Wednesday’s small advance and drops to new multi-day lows below the 144.00 level on Thursday.
While further side-lined trading seems likely for the time being, the cross could face bouts of selling pressure and confront the provisional 100-day SMA at 143.09. The loss of the latter could spark a deeper move to the weekly low at 142.14 (February 24).
In the meantime, while above the 200-day SMA, today at 141.75, the outlook for the cross is expected to remain positive.
Technical Levels: Supports and Resistances
EURJPY currently trading at 144.02 at the time of writing. Pair opened at 144.76 and is trading with a change of -0.51 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 144.02 |
| 1 | Today Daily Change | 109.00 |
| 2 | Today Daily Change % | -0.51 |
| 3 | Today daily open | 144.76 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 143.54, 50 SMA 141.84, 100 SMA @ 143.16 and 200 SMA @ 141.77.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 143.54 |
| 1 | Daily SMA50 | 141.84 |
| 2 | Daily SMA100 | 143.16 |
| 3 | Daily SMA200 | 141.77 |
The previous day high was 145.24 while the previous day low was 144.24. The daily 38.2% Fib levels comes at 144.85, expected to provide resistance. Similarly, the daily 61.8% fib level is at 144.62, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 144.26, 143.75, 143.26
- Pivot resistance is noted at 145.25, 145.74, 146.25
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 145.24 |
| Previous Daily Low | 144.24 |
| Previous Weekly High | 145.57 |
| Previous Weekly Low | 143.57 |
| Previous Monthly High | 145.47 |
| Previous Monthly Low | 139.55 |
| Daily Fibonacci 38.2% | 144.85 |
| Daily Fibonacci 61.8% | 144.62 |
| Daily Pivot Point S1 | 144.26 |
| Daily Pivot Point S2 | 143.75 |
| Daily Pivot Point S3 | 143.26 |
| Daily Pivot Point R1 | 145.25 |
| Daily Pivot Point R2 | 145.74 |
| Daily Pivot Point R3 | 146.25 |
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