#EURJPY @ 147.227 regains some balance following Tuesday’s pullback. (Pivot Orderbook analysis)
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- EUR/JPY regains some balance following Tuesday’s pullback.
- Further recovery should retest the 148.00 barrier in the near term.
The pair currently trades last at 147.227.
The previous day high was 148.64 while the previous day low was 146.29. The daily 38.2% Fib levels comes at 147.19, expected to provide support. Similarly, the daily 61.8% fib level is at 147.74, expected to provide resistance.
EUR/JPY resumes the uptrend and leaves behind part of Tuesday’s pronounced pullback to weekly lows near 146.30.
The underlying strong upside momentum in the cross appears so far unabated. Against that, the surpass of the 148.00 hurdle should put a potential test of the 2023 peak at 148.63 (April 25) back on the radar.
Further north, the cross could embark on further gains and attempt a visit to the key 150.00 mark.
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.34.
Technical Levels: Supports and Resistances
EURJPY currently trading at 147.36 at the time of writing. Pair opened at 146.78 and is trading with a change of 0.4 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 147.36 |
| 1 | Today Daily Change | 117.00 |
| 2 | Today Daily Change % | 0.40 |
| 3 | Today daily open | 146.78 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 145.72, 50 SMA 144.19, 100 SMA @ 142.86 and 200 SMA @ 142.34.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 145.72 |
| 1 | Daily SMA50 | 144.19 |
| 2 | Daily SMA100 | 142.86 |
| 3 | Daily SMA200 | 142.34 |
The previous day high was 148.64 while the previous day low was 146.29. The daily 38.2% Fib levels comes at 147.19, expected to provide support. Similarly, the daily 61.8% fib level is at 147.74, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 145.83, 144.89, 143.49
- Pivot resistance is noted at 148.18, 149.58, 150.52
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 148.64 |
| Previous Daily Low | 146.29 |
| Previous Weekly High | 147.86 |
| Previous Weekly Low | 146.40 |
| Previous Monthly High | 145.67 |
| Previous Monthly Low | 138.83 |
| Daily Fibonacci 38.2% | 147.19 |
| Daily Fibonacci 61.8% | 147.74 |
| Daily Pivot Point S1 | 145.83 |
| Daily Pivot Point S2 | 144.89 |
| Daily Pivot Point S3 | 143.49 |
| Daily Pivot Point R1 | 148.18 |
| Daily Pivot Point R2 | 149.58 |
| Daily Pivot Point R3 | 150.52 |
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