#EURJPY @ 148.164 adds to Friday’s recovery and regains 148.00. (Pivot Orderbook analysis)
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
- EUR/JPY adds to Friday’s recovery and regains 148.00.
- The weekly low near 149.30 emerges as the next hurdle.
The pair currently trades last at 148.164.
The previous day high was 147.47 while the previous day low was 146.66. The daily 38.2% Fib levels comes at 147.16, expected to provide support. Similarly, the daily 61.8% fib level is at 146.97, expected to provide support.
EUR/JPY gathers extra pace and reclaims the area just above 148.00 the figure at the beginning of the week.
It seems the cross regains part of the bullish perspective and could now challenge the weekly peak at 149.26 (May 8). The surpass of this level could pave the way for a potential test of the YTD high at 151.61 (May 2).
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 143.06.
Technical Levels: Supports and Resistances
EURJPY currently trading at 148.06 at the time of writing. Pair opened at 147.23 and is trading with a change of 0.56 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 148.06 |
| 1 | Today Daily Change | 98.00 |
| 2 | Today Daily Change % | 0.56 |
| 3 | Today daily open | 147.23 |
The pair is trading below its 20 Daily moving average @ 148.1, above its 50 Daily moving average @ 145.41 , above its 100 Daily moving average @ 143.53 and above its 200 Daily moving average @ 143.04
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 148.10 |
| 1 | Daily SMA50 | 145.41 |
| 2 | Daily SMA100 | 143.53 |
| 3 | Daily SMA200 | 143.04 |
The previous day high was 147.47 while the previous day low was 146.66. The daily 38.2% Fib levels comes at 147.16, expected to provide support. Similarly, the daily 61.8% fib level is at 146.97, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 146.77, 146.31, 145.96
- Pivot resistance is noted at 147.58, 147.93, 148.39
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 147.47 |
| Previous Daily Low | 146.66 |
| Previous Weekly High | 149.27 |
| Previous Weekly Low | 146.14 |
| Previous Monthly High | 150.44 |
| Previous Monthly Low | 142.55 |
| Daily Fibonacci 38.2% | 147.16 |
| Daily Fibonacci 61.8% | 146.97 |
| Daily Pivot Point S1 | 146.77 |
| Daily Pivot Point S2 | 146.31 |
| Daily Pivot Point S3 | 145.96 |
| Daily Pivot Point R1 | 147.58 |
| Daily Pivot Point R2 | 147.93 |
| Daily Pivot Point R3 | 148.39 |
[/s2If]
Nehcap Expert Advisor
The NEHCAP MT4 EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD,GBPAUD, EURAUD, EURCAD, CHFJPY and many more.
The system is trading live: LIVE ACCOUNT TRACKING
You can run it free. Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
Join Our Telegram Group
