#EURJPY @ 147.520 falters just ahead of the 148.00 mark on Thursday. (Pivot Orderbook analysis)
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- EUR/JPY falters just ahead of the 148.00 mark on Thursday.
- The immediate target of note emerges the 2023 top at 148.63.
The pair currently trades last at 147.520.
The previous day high was 147.92 while the previous day low was 146.46. The daily 38.2% Fib levels comes at 147.36, expected to provide support. Similarly, the daily 61.8% fib level is at 147.01, expected to provide support.
EUR/JPY looks to extend Wednesday’s uptick, although there seems to be a tough barrier around the 148.00 neighbourhood so far on Thursday.
The underlying strong upside momentum in the cross appears unchallenged for the time being. Against that, once the 148.00 hurdle is cleared, the cross could then attempt a move to the 2023 high at 148.63 (April 25).
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.38.
Technical Levels: Supports and Resistances
EURJPY currently trading at 147.62 at the time of writing. Pair opened at 147.6 and is trading with a change of 0.01 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 147.62 |
| 1 | Today Daily Change | 67.00 |
| 2 | Today Daily Change % | 0.01 |
| 3 | Today daily open | 147.60 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 145.9, 50 SMA 144.27, 100 SMA @ 142.9 and 200 SMA @ 142.38.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 145.90 |
| 1 | Daily SMA50 | 144.27 |
| 2 | Daily SMA100 | 142.90 |
| 3 | Daily SMA200 | 142.38 |
The previous day high was 147.92 while the previous day low was 146.46. The daily 38.2% Fib levels comes at 147.36, expected to provide support. Similarly, the daily 61.8% fib level is at 147.01, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 146.73, 145.86, 145.27
- Pivot resistance is noted at 148.19, 148.78, 149.65
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 147.92 |
| Previous Daily Low | 146.46 |
| Previous Weekly High | 147.86 |
| Previous Weekly Low | 146.40 |
| Previous Monthly High | 145.67 |
| Previous Monthly Low | 138.83 |
| Daily Fibonacci 38.2% | 147.36 |
| Daily Fibonacci 61.8% | 147.01 |
| Daily Pivot Point S1 | 146.73 |
| Daily Pivot Point S2 | 145.86 |
| Daily Pivot Point S3 | 145.27 |
| Daily Pivot Point R1 | 148.19 |
| Daily Pivot Point R2 | 148.78 |
| Daily Pivot Point R3 | 149.65 |
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