#EURJPY @ 140.289 comes under pressure and fades Thursday’s advance. (Pivot Orderbook analysis)
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- EUR/JPY comes under pressure and fades Thursday’s advance.
- Extra weakness remains on the cards below the 200-day SMA.
The pair currently trades last at 140.289.
The previous day high was 142.01 while the previous day low was 139.13. The daily 38.2% Fib levels comes at 140.91, expected to provide resistance. Similarly, the daily 61.8% fib level is at 140.23, expected to provide support.
EUR/JPY resumes the downside and returns to the sub-141.00 region at the end of the week.
The cross looks side-lined in the second half of the week in the lower end of the weekly range. Occasional bullish attempts should initially clear the provisional 100-day SMA near 142.80 to allow for a test of the 2023 high at 145.56 (March 2).
In the meantime, extra losses remain on the cards while the cross trades below the 200-day SMA. If losses accelerate, then a potential visit to the March low at 139.11 (March 16) should start emerging on the horizon.
EUR/JPY daily chart
Technical Levels: Supports and Resistances
EURJPY currently trading at 141.0 at the time of writing. Pair opened at 141.81 and is trading with a change of -0.57 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 141.00 |
| 1 | Today Daily Change | 151.00 |
| 2 | Today Daily Change % | -0.57 |
| 3 | Today daily open | 141.81 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 143.77, 50 SMA 142.16, 100 SMA @ 142.92 and 200 SMA @ 141.81.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 143.77 |
| 1 | Daily SMA50 | 142.16 |
| 2 | Daily SMA100 | 142.92 |
| 3 | Daily SMA200 | 141.81 |
The previous day high was 142.01 while the previous day low was 139.13. The daily 38.2% Fib levels comes at 140.91, expected to provide resistance. Similarly, the daily 61.8% fib level is at 140.23, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 139.96, 138.1, 137.08
- Pivot resistance is noted at 142.84, 143.86, 145.72
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 142.01 |
| Previous Daily Low | 139.13 |
| Previous Weekly High | 145.44 |
| Previous Weekly Low | 143.35 |
| Previous Monthly High | 145.47 |
| Previous Monthly Low | 139.55 |
| Daily Fibonacci 38.2% | 140.91 |
| Daily Fibonacci 61.8% | 140.23 |
| Daily Pivot Point S1 | 139.96 |
| Daily Pivot Point S2 | 138.10 |
| Daily Pivot Point S3 | 137.08 |
| Daily Pivot Point R1 | 142.84 |
| Daily Pivot Point R2 | 143.86 |
| Daily Pivot Point R3 | 145.72 |
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