#EURJPY at 154.032 continues to decline and reaches the 153.30 area again on Wednesday.
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- EUR/JPY drops further and revisits the 153.30 zone on Wednesday.
The pair currently trades last at 154.032.
The previous day high was 155.67 while the previous day low was 154.18. The daily 38.2% Fib levels comes at 154.75, expected to provide resistance. Similarly, the daily 61.8% fib level is at 155.1, expected to provide resistance.
EUR/JPY accelerates its losses and revisits the low-153.00s as the selling pressure in the cross remains everything but abated on Wednesday.
The cross extends further its monthly retracement and leaves the door open to extra downside in the very near term. In case losses gather impulse, then the next contention area appears at the provisional 55-day SMA at 151.78.
The daily RSI around 46 still allows for the continuation of the downward move in the very near term.
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 145.75.
Technical Levels: Supports and Resistances
EURJPY currently trading at 154.16 at the time of writing. Pair opened at 154.54 and is trading with a change of -0.25 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 154.16 |
| 1 | Today Daily Change | 118.00 |
| 2 | Today Daily Change % | -0.25 |
| 3 | Today daily open | 154.54 |
The pair is trading below its 20 Daily moving average @ 156.06, above its 50 Daily moving average @ 151.95 , above its 100 Daily moving average @ 148.37 and above its 200 Daily moving average @ 145.73
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 156.06 |
| 1 | Daily SMA50 | 151.95 |
| 2 | Daily SMA100 | 148.37 |
| 3 | Daily SMA200 | 145.73 |
The previous day high was 155.67 while the previous day low was 154.18. The daily 38.2% Fib levels comes at 154.75, expected to provide resistance. Similarly, the daily 61.8% fib level is at 155.1, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 153.92, 153.31, 152.43
- Pivot resistance is noted at 155.41, 156.29, 156.9
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 155.67 |
| Previous Daily Low | 154.18 |
| Previous Weekly High | 157.96 |
| Previous Weekly Low | 155.38 |
| Previous Monthly High | 158.00 |
| Previous Monthly Low | 148.62 |
| Daily Fibonacci 38.2% | 154.75 |
| Daily Fibonacci 61.8% | 155.10 |
| Daily Pivot Point S1 | 153.92 |
| Daily Pivot Point S2 | 153.31 |
| Daily Pivot Point S3 | 152.43 |
| Daily Pivot Point R1 | 155.41 |
| Daily Pivot Point R2 | 156.29 |
| Daily Pivot Point R3 | 156.90 |
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