#EURJPY @ 139.895 drops sharply and challenges 139.00 on Friday. (Pivot Orderbook analysis)
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- EUR/JPY drops sharply and challenges 139.00 on Friday.
- A move to the YTD low near 137.40 appears on the cards.
The pair currently trades last at 139.895.
The previous day high was 143.2 while the previous day low was 141.16. The daily 38.2% Fib levels comes at 141.94, expected to provide resistance. Similarly, the daily 61.8% fib level is at 142.42, expected to provide resistance.
EUR/JPY adds to Thursday’s losses and drops markedly well below the key 200-day SMA (141.79) at the end of the week.
In case the selling pressure gathers extra steam, the cross could extedn the decline to the 2023 low at 137.38 (January 3).
In the meantime, extra losses remain in store while the cross trades below the 200-day SMA.
Technical Levels: Supports and Resistances
EURJPY currently trading at 139.57 at the time of writing. Pair opened at 141.7 and is trading with a change of -1.5 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 139.57 |
| 1 | Today Daily Change | 278.00 |
| 2 | Today Daily Change % | -1.50 |
| 3 | Today daily open | 141.70 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 143.38, 50 SMA 142.2, 100 SMA @ 142.71 and 200 SMA @ 141.84.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 143.38 |
| 1 | Daily SMA50 | 142.20 |
| 2 | Daily SMA100 | 142.71 |
| 3 | Daily SMA200 | 141.84 |
The previous day high was 143.2 while the previous day low was 141.16. The daily 38.2% Fib levels comes at 141.94, expected to provide resistance. Similarly, the daily 61.8% fib level is at 142.42, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 140.84, 139.98, 138.8
- Pivot resistance is noted at 142.88, 144.06, 144.92
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 143.20 |
| Previous Daily Low | 141.16 |
| Previous Weekly High | 144.96 |
| Previous Weekly Low | 139.13 |
| Previous Monthly High | 145.47 |
| Previous Monthly Low | 139.55 |
| Daily Fibonacci 38.2% | 141.94 |
| Daily Fibonacci 61.8% | 142.42 |
| Daily Pivot Point S1 | 140.84 |
| Daily Pivot Point S2 | 139.98 |
| Daily Pivot Point S3 | 138.80 |
| Daily Pivot Point R1 | 142.88 |
| Daily Pivot Point R2 | 144.06 |
| Daily Pivot Point R3 | 144.92 |
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