#EURJPY @ 141.645 falls off the cliff and retests the 200-day SMA near 141.80. (Pivot Orderbook analysis)
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- EUR/JPY falls off the cliff and retests the 200-day SMA near 141.80.
- The next support level emerges at the February low in the mid-139.00s.
The pair currently trades last at 141.645.
The previous day high was 145.11 while the previous day low was 143.35. The daily 38.2% Fib levels comes at 144.02, expected to provide resistance. Similarly, the daily 61.8% fib level is at 144.44, expected to provide resistance.
EUR/JPY debilitates further and breaks below the 142.00 to print new 4-week lows near 141.80 at the beginning of the week.
EUR/JPY breaks below the consolidative range and challenges the key 200-day SMA, today at 141.77. A sustainable breach of the latter should open the door to extra weakness to, initially, the February low at 139.54 (February 10).
Below the 200-day SMA the outlook for the cross is expected to shift to negative.
Technical Levels: Supports and Resistances
EURJPY currently trading at 141.92 at the time of writing. Pair opened at 143.45 and is trading with a change of -1.07 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 141.92 |
| 1 | Today Daily Change | 250.00 |
| 2 | Today Daily Change % | -1.07 |
| 3 | Today daily open | 143.45 |
The pair is trading below its 20 Daily moving average @ 143.83, below its 50 Daily moving average @ 141.94 , below its 100 Daily moving average @ 143.1 and above its 200 Daily moving average @ 141.8
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 143.83 |
| 1 | Daily SMA50 | 141.94 |
| 2 | Daily SMA100 | 143.10 |
| 3 | Daily SMA200 | 141.80 |
The previous day high was 145.11 while the previous day low was 143.35. The daily 38.2% Fib levels comes at 144.02, expected to provide resistance. Similarly, the daily 61.8% fib level is at 144.44, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 142.83, 142.21, 141.07
- Pivot resistance is noted at 144.59, 145.73, 146.35
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 145.11 |
| Previous Daily Low | 143.35 |
| Previous Weekly High | 145.44 |
| Previous Weekly Low | 143.35 |
| Previous Monthly High | 145.47 |
| Previous Monthly Low | 139.55 |
| Daily Fibonacci 38.2% | 144.02 |
| Daily Fibonacci 61.8% | 144.44 |
| Daily Pivot Point S1 | 142.83 |
| Daily Pivot Point S2 | 142.21 |
| Daily Pivot Point S3 | 141.07 |
| Daily Pivot Point R1 | 144.59 |
| Daily Pivot Point R2 | 145.73 |
| Daily Pivot Point R3 | 146.35 |
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