#EURJPY @ 147.998 reverses two daily gains and challenges 148.00. (Pivot Orderbook analysis)
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- EUR/JPY reverses two daily gains and challenges 148.00.
- The resumption of the buying pressure should target 150.00.
The pair currently trades last at 147.998.
The previous day high was 149.27 while the previous day low was 148.45. The daily 38.2% Fib levels comes at 148.96, expected to provide resistance. Similarly, the daily 61.8% fib level is at 148.76, expected to provide resistance.
EUR/JPY comes under pressure and puts the 148.00 neighbourhood to the test on Tuesday.
It seems the bullish outlook now appears somewhat dented. Against that, the cross could move into a consolidative phase before resuming the uptrend and always with the immediate target at the key round level at 150.00 ahead of the 2023 peak at 151.61 (May 2).
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.84.
Technical Levels: Supports and Resistances
EURJPY currently trading at 148.0 at the time of writing. Pair opened at 148.68 and is trading with a change of -0.46 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 148.00 |
| 1 | Today Daily Change | 73.00 |
| 2 | Today Daily Change % | -0.46 |
| 3 | Today daily open | 148.68 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 147.88, 50 SMA 145.18, 100 SMA @ 143.25 and 200 SMA @ 142.82.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 147.88 |
| 1 | Daily SMA50 | 145.18 |
| 2 | Daily SMA100 | 143.25 |
| 3 | Daily SMA200 | 142.82 |
The previous day high was 149.27 while the previous day low was 148.45. The daily 38.2% Fib levels comes at 148.96, expected to provide resistance. Similarly, the daily 61.8% fib level is at 148.76, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 148.34, 147.99, 147.52
- Pivot resistance is noted at 149.15, 149.62, 149.97
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 149.27 |
| Previous Daily Low | 148.45 |
| Previous Weekly High | 151.62 |
| Previous Weekly Low | 147.13 |
| Previous Monthly High | 150.44 |
| Previous Monthly Low | 142.55 |
| Daily Fibonacci 38.2% | 148.96 |
| Daily Fibonacci 61.8% | 148.76 |
| Daily Pivot Point S1 | 148.34 |
| Daily Pivot Point S2 | 147.99 |
| Daily Pivot Point S3 | 147.52 |
| Daily Pivot Point R1 | 149.15 |
| Daily Pivot Point R2 | 149.62 |
| Daily Pivot Point R3 | 149.97 |
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