#EURJPY @ 147.008 drops for the third session in a row and breaches 147.00. (Pivot Orderbook analysis)
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- EUR/JPY drops for the third session in a row and breaches 147.00.
- The continuation of the leg lower initially targets the 146.30 region.
The pair currently trades last at 147.008.
The previous day high was 148.67 while the previous day low was 147.04. The daily 38.2% Fib levels comes at 147.66, expected to provide resistance. Similarly, the daily 61.8% fib level is at 148.05, expected to provide resistance.
EUR/JPY loses the grip and breaks below the 147.00 support to print new monthly lows on Thursday.
It seems the bullish outlook in place since late March now appears dented. Against that, the cross could now challenge the weekly low of 146.28 (April 25) ahead of the interim 55-day SMA at 145.24.
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.96.
Technical Levels: Supports and Resistances
EURJPY currently trading at 147.01 at the time of writing. Pair opened at 147.56 and is trading with a change of -0.37 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 147.01 |
| 1 | Today Daily Change | 79.00 |
| 2 | Today Daily Change % | -0.37 |
| 3 | Today daily open | 147.56 |
The pair is trading below its 20 Daily moving average @ 148.06, above its 50 Daily moving average @ 145.31 , above its 100 Daily moving average @ 143.41 and above its 200 Daily moving average @ 142.94
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 148.06 |
| 1 | Daily SMA50 | 145.31 |
| 2 | Daily SMA100 | 143.41 |
| 3 | Daily SMA200 | 142.94 |
The previous day high was 148.67 while the previous day low was 147.04. The daily 38.2% Fib levels comes at 147.66, expected to provide resistance. Similarly, the daily 61.8% fib level is at 148.05, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 146.84, 146.13, 145.22
- Pivot resistance is noted at 148.47, 149.38, 150.1
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 148.67 |
| Previous Daily Low | 147.04 |
| Previous Weekly High | 151.62 |
| Previous Weekly Low | 147.13 |
| Previous Monthly High | 150.44 |
| Previous Monthly Low | 142.55 |
| Daily Fibonacci 38.2% | 147.66 |
| Daily Fibonacci 61.8% | 148.05 |
| Daily Pivot Point S1 | 146.84 |
| Daily Pivot Point S2 | 146.13 |
| Daily Pivot Point S3 | 145.22 |
| Daily Pivot Point R1 | 148.47 |
| Daily Pivot Point R2 | 149.38 |
| Daily Pivot Point R3 | 150.10 |
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