#EURJPY @ 149.646 regains the upside following Tuesday’s marked decline. (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 regains the upside following Tuesday’s marked decline.
- The surpass of 150.00 could trigger further gains near term.
The pair currently trades last at 149.646.
The previous day high was 150.06 while the previous day low was 149.1. The daily 38.2% Fib levels comes at 149.47, expected to provide support. Similarly, the daily 61.8% fib level is at 149.69, expected to provide resistance.
EUR/JPY trades with decent gains above the 149.00 region on Wednesday.
While the cross seems to have embarked on a consolidative phase, a convincing breakout of the key round level at 150.00 could encourage the cross to dispute the 2023 top at 151.61 (May 2) in the short-term horizon.
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 143.49.
Technical Levels: Supports and Resistances
EURJPY currently trading at 149.3 at the time of writing. Pair opened at 149.25 and is trading with a change of 0.03 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 149.30 |
| 1 | Today Daily Change | 74.00 |
| 2 | Today Daily Change % | 0.03 |
| 3 | Today daily open | 149.25 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 148.68, 50 SMA 146.08, 100 SMA @ 144.1 and 200 SMA @ 143.47.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 148.68 |
| 1 | Daily SMA50 | 146.08 |
| 2 | Daily SMA100 | 144.10 |
| 3 | Daily SMA200 | 143.47 |
The previous day high was 150.06 while the previous day low was 149.1. The daily 38.2% Fib levels comes at 149.47, expected to provide support. Similarly, the daily 61.8% fib level is at 149.69, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 148.88, 148.52, 147.93
- Pivot resistance is noted at 149.84, 150.42, 150.79
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 150.06 |
| Previous Daily Low | 149.10 |
| Previous Weekly High | 149.80 |
| Previous Weekly Low | 147.22 |
| Previous Monthly High | 150.44 |
| Previous Monthly Low | 142.55 |
| Daily Fibonacci 38.2% | 149.47 |
| Daily Fibonacci 61.8% | 149.69 |
| Daily Pivot Point S1 | 148.88 |
| Daily Pivot Point S2 | 148.52 |
| Daily Pivot Point S3 | 147.93 |
| Daily Pivot Point R1 | 149.84 |
| Daily Pivot Point R2 | 150.42 |
| Daily Pivot Point R3 | 150.79 |
[/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
