#EURJPY @ 149.391 adds to the weekly corrective pullback and pierces 149.00. (Pivot Orderbook analysis)
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- EUR/JPY adds to the weekly corrective pullback and pierces 149.00.
- The resumption of the bullish bias should retarget 151.00.
The pair currently trades last at 149.391.
The previous day high was 150.63 while the previous day low was 149.74. The daily 38.2% Fib levels comes at 150.08, expected to provide resistance. Similarly, the daily 61.8% fib level is at 150.29, expected to provide resistance.
EUR/JPY extends the drop for the third session in a row and briefly tests the area below the 149.00 yardstick on Wednesday.
Despite the ongoing retracement, further upside appears a plausible near-term scenario, and a convincing breakout of the round level at 151.00 could encourage the cross to confront the 2023 top at 151.61 (May 2) in the not-so-distant future.
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 143.82.
Technical Levels: Supports and Resistances
EURJPY currently trading at 149.44 at the time of writing. Pair opened at 150.06 and is trading with a change of -0.41 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 149.44 |
| 1 | Today Daily Change | 125.00 |
| 2 | Today Daily Change % | -0.41 |
| 3 | Today daily open | 150.06 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 148.92, 50 SMA 146.97, 100 SMA @ 144.57 and 200 SMA @ 143.8.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 148.92 |
| 1 | Daily SMA50 | 146.97 |
| 2 | Daily SMA100 | 144.57 |
| 3 | Daily SMA200 | 143.80 |
The previous day high was 150.63 while the previous day low was 149.74. The daily 38.2% Fib levels comes at 150.08, expected to provide resistance. Similarly, the daily 61.8% fib level is at 150.29, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 149.66, 149.25, 148.76
- Pivot resistance is noted at 150.55, 151.03, 151.44
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 150.63 |
| Previous Daily Low | 149.74 |
| Previous Weekly High | 150.94 |
| Previous Weekly Low | 148.84 |
| Previous Monthly High | 150.44 |
| Previous Monthly Low | 142.55 |
| Daily Fibonacci 38.2% | 150.08 |
| Daily Fibonacci 61.8% | 150.29 |
| Daily Pivot Point S1 | 149.66 |
| Daily Pivot Point S2 | 149.25 |
| Daily Pivot Point S3 | 148.76 |
| Daily Pivot Point R1 | 150.55 |
| Daily Pivot Point R2 | 151.03 |
| Daily Pivot Point R3 | 151.44 |
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