The EURJPY pair has gained for two consecutive sessions after reversing its trend at 155.713.
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- EUR/JPY reverses two sessions in a row with gains.
The pair currently trades last at 155.713.
The previous day high was 156.93 while the previous day low was 155.61. The daily 38.2% Fib levels comes at 156.43, expected to provide resistance. Similarly, the daily 61.8% fib level is at 156.12, expected to provide resistance.
EUR/JPY comes under pressure following Thursday’s peaks in levels just shy of the 157.00 barrier on Friday.
In the meantime, further gains should clear the YTD high at 156.93 (June 22) to then challenge the 157.00 mark. The surpass of the latter should motivate the cross to embark on a potential visit to the September 2008 top near 159.60.
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 144.76.
Technical Levels: Supports and Resistances
EURJPY currently trading at 155.71 at the time of writing. Pair opened at 156.79 and is trading with a change of -0.69 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 155.71 |
| 1 | Today Daily Change | 177.00 |
| 2 | Today Daily Change % | -0.69 |
| 3 | Today daily open | 156.79 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 151.6, 50 SMA 149.68, 100 SMA @ 146.47 and 200 SMA @ 144.73.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 151.60 |
| 1 | Daily SMA50 | 149.68 |
| 2 | Daily SMA100 | 146.47 |
| 3 | Daily SMA200 | 144.73 |
The previous day high was 156.93 while the previous day low was 155.61. The daily 38.2% Fib levels comes at 156.43, expected to provide resistance. Similarly, the daily 61.8% fib level is at 156.12, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 155.96, 155.13, 154.64
- Pivot resistance is noted at 157.27, 157.76, 158.59
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 156.93 |
| Previous Daily Low | 155.61 |
| Previous Weekly High | 155.27 |
| Previous Weekly Low | 149.67 |
| Previous Monthly High | 151.62 |
| Previous Monthly Low | 146.14 |
| Daily Fibonacci 38.2% | 156.43 |
| Daily Fibonacci 61.8% | 156.12 |
| Daily Pivot Point S1 | 155.96 |
| Daily Pivot Point S2 | 155.13 |
| Daily Pivot Point S3 | 154.64 |
| Daily Pivot Point R1 | 157.27 |
| Daily Pivot Point R2 | 157.76 |
| Daily Pivot Point R3 | 158.59 |
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