The EURJPY has risen beyond 156.00 to reach new highs, currently standing at 156.420.
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- EUR/JPY advances to fresh peaks past 156.00.
The pair currently trades last at 156.420.
The previous day high was 155.92 while the previous day low was 154.3. The daily 38.2% Fib levels comes at 155.3, expected to provide support. Similarly, the daily 61.8% fib level is at 154.92, expected to provide support.
EUR/JPY adds to Wednesday’s positive performance and surpasses the 156.00 mark for the first time since late September 2008.
In the meantime, further gains should clear the YTD high at 156.52 (June 22) to then refocus on the weekly top recorded in late September 2008 at 156.83, which precedes the key round level at 157.00.
While extra gains remain on the cards, the ongoing overbought conditions of the cross are indicative that further retracements should not be ruled out at some point in the short-term horizon.
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 144.69.
EUR/JPY daily chart
Technical Levels: Supports and Resistances
EURJPY currently trading at 156.1 at the time of writing. Pair opened at 155.9 and is trading with a change of 0.13 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 156.10 |
| 1 | Today Daily Change | 92.00 |
| 2 | Today Daily Change % | 0.13 |
| 3 | Today daily open | 155.90 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 151.27, 50 SMA 149.47, 100 SMA @ 146.3 and 200 SMA @ 144.67.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 151.27 |
| 1 | Daily SMA50 | 149.47 |
| 2 | Daily SMA100 | 146.30 |
| 3 | Daily SMA200 | 144.67 |
The previous day high was 155.92 while the previous day low was 154.3. The daily 38.2% Fib levels comes at 155.3, expected to provide support. Similarly, the daily 61.8% fib level is at 154.92, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 154.83, 153.76, 153.22
- Pivot resistance is noted at 156.45, 156.99, 158.06
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 155.92 |
| Previous Daily Low | 154.30 |
| Previous Weekly High | 155.27 |
| Previous Weekly Low | 149.67 |
| Previous Monthly High | 151.62 |
| Previous Monthly Low | 146.14 |
| Daily Fibonacci 38.2% | 155.30 |
| Daily Fibonacci 61.8% | 154.92 |
| Daily Pivot Point S1 | 154.83 |
| Daily Pivot Point S2 | 153.76 |
| Daily Pivot Point S3 | 153.22 |
| Daily Pivot Point R1 | 156.45 |
| Daily Pivot Point R2 | 156.99 |
| Daily Pivot Point R3 | 158.06 |
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