The EURJPY pair at the level of 155.770 is maintaining stability and consolidating within a small range throughout the day on Monday.
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- EUR/JPY remains steady and consolidates in a narrow range on Monday.
The pair currently trades last at 155.770.
The previous day high was 156.14 while the previous day low was 154.17. The daily 38.2% Fib levels comes at 155.39, expected to provide support. Similarly, the daily 61.8% fib level is at 154.92, expected to provide support.
The EUR/JPY pair lacks any firm directional bias and oscillates in the 155.30-156.15 range early Monday. The cross currently trades near 155.50, down 0.19% on the day.
According to the four-hour chart, EUR/JPY holds above the 100- and 200-day Exponential Moving Averages (EMA), meaning the path of least resistance for the EUR/JPY appears to the upside.
That being said, any meaningful follow-through buying past 156.15 (High of July 14) will see a rally to 157.15 (High of July 6). Further north, the cross will challenge the next hurdle at 158.00, the intersection of the psychological round mark and a high of July 3.
On the flip side, EUR/JPY will meet initial support of 155.40 (100-hour EMA) en route to 154.20 (200-hour EMA). A decisive break below the latter would expose 153.40 (Low of July 12).
It’s worth noting that the Relative Strength Index (RSI) is located in the 40-60 zone, indicating a non-directional movement in the pair.
Technical Levels: Supports and Resistances
EURJPY currently trading at 155.54 at the time of writing. Pair opened at 155.85 and is trading with a change of -0.2 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 155.54 |
| 1 | Today Daily Change | -0.31 |
| 2 | Today Daily Change % | -0.20 |
| 3 | Today daily open | 155.85 |
The pair is trading below its 20 Daily moving average @ 156.28, above its 50 Daily moving average @ 152.34 , above its 100 Daily moving average @ 148.72 and above its 200 Daily moving average @ 145.92
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 156.28 |
| 1 | Daily SMA50 | 152.34 |
| 2 | Daily SMA100 | 148.72 |
| 3 | Daily SMA200 | 145.92 |
The previous day high was 156.14 while the previous day low was 154.17. The daily 38.2% Fib levels comes at 155.39, 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 154.63, 153.42, 152.67
- Pivot resistance is noted at 156.6, 157.35, 158.57
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 156.14 |
| Previous Daily Low | 154.17 |
| Previous Weekly High | 156.67 |
| Previous Weekly Low | 153.43 |
| Previous Monthly High | 158.00 |
| Previous Monthly Low | 148.62 |
| Daily Fibonacci 38.2% | 155.39 |
| Daily Fibonacci 61.8% | 154.92 |
| Daily Pivot Point S1 | 154.63 |
| Daily Pivot Point S2 | 153.42 |
| Daily Pivot Point S3 | 152.67 |
| Daily Pivot Point R1 | 156.60 |
| Daily Pivot Point R2 | 157.35 |
| Daily Pivot Point R3 | 158.57 |
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