#EURJPY @ 144.005 trades on the defensive around 144.00 midweek. (Pivot Orderbook analysis)
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- EUR/JPY trades on the defensive around 144.00 midweek.
- Extra gains appear on the cards once the 2023 peak is cleared.
The pair currently trades last at 144.005.
The previous day high was 145.44 while the previous day low was 143.96. The daily 38.2% Fib levels comes at 144.53, expected to provide resistance. Similarly, the daily 61.8% fib level is at 144.87, expected to provide resistance.
EUR/JPY adds to Tuesday’s decline and revisits the mid-143.00s, where some initial contention appears to have emerged on Wednesday.
In the meantime, a daily close above the 2023 peak at 145.67 (March 31) should encourage the cross to shift its focus to the December 2022 high around 146.70 (December 15) in the near term.
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 141.83.
Technical Levels: Supports and Resistances
EURJPY currently trading at 144.12 at the time of writing. Pair opened at 144.25 and is trading with a change of -0.09 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 144.12 |
| 1 | Today Daily Change | 86.00 |
| 2 | Today Daily Change % | -0.09 |
| 3 | Today daily open | 144.25 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 142.84, 50 SMA 142.75, 100 SMA @ 142.55 and 200 SMA @ 141.86.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 142.84 |
| 1 | Daily SMA50 | 142.75 |
| 2 | Daily SMA100 | 142.55 |
| 3 | Daily SMA200 | 141.86 |
The previous day high was 145.44 while the previous day low was 143.96. The daily 38.2% Fib levels comes at 144.53, expected to provide resistance. Similarly, the daily 61.8% fib level is at 144.87, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 143.66, 143.07, 142.18
- Pivot resistance is noted at 145.14, 146.03, 146.61
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 145.44 |
| Previous Daily Low | 143.96 |
| Previous Weekly High | 145.67 |
| Previous Weekly Low | 140.57 |
| Previous Monthly High | 145.67 |
| Previous Monthly Low | 138.83 |
| Daily Fibonacci 38.2% | 144.53 |
| Daily Fibonacci 61.8% | 144.87 |
| Daily Pivot Point S1 | 143.66 |
| Daily Pivot Point S2 | 143.07 |
| Daily Pivot Point S3 | 142.18 |
| Daily Pivot Point R1 | 145.14 |
| Daily Pivot Point R2 | 146.03 |
| Daily Pivot Point R3 | 146.61 |
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