The currency pair EURJPY has risen above the limited trading range observed earlier this week, reaching a level of 156.509.
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- EUR/JPY breaks above the range bound theme seen earlier in the week.
The pair currently trades last at 156.509.
The previous day high was 156.15 while the previous day low was 154.88. The daily 38.2% Fib levels comes at 155.66, expected to provide support. Similarly, the daily 61.8% fib level is at 155.36, expected to provide support.
EUR/JPY leaves behind the recent inconclusive price action and bounces markedly to the area beyond the 157.00 hurdle on Wednesday.
In the meantime, the cross keeps the recovery mode in place and the continuation of the uptrend carries the potential to challenge the so far 2023 peak in the boundaries of 158.00 the figure (June 29).
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 146.10.
Technical Levels: Supports and Resistances
EURJPY currently trading at 156.64 at the time of writing. Pair opened at 155.89 and is trading with a change of 0.48 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 156.64 |
| 1 | Today Daily Change | 143.00 |
| 2 | Today Daily Change % | 0.48 |
| 3 | Today daily open | 155.89 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 156.38, 50 SMA 152.64, 100 SMA @ 148.95 and 200 SMA @ 146.06.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 156.38 |
| 1 | Daily SMA50 | 152.64 |
| 2 | Daily SMA100 | 148.95 |
| 3 | Daily SMA200 | 146.06 |
The previous day high was 156.15 while the previous day low was 154.88. The daily 38.2% Fib levels comes at 155.66, expected to provide support. Similarly, the daily 61.8% fib level is at 155.36, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 155.13, 154.37, 153.86
- Pivot resistance is noted at 156.4, 156.91, 157.67
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 156.15 |
| Previous Daily Low | 154.88 |
| Previous Weekly High | 156.67 |
| Previous Weekly Low | 153.43 |
| Previous Monthly High | 158.00 |
| Previous Monthly Low | 148.62 |
| Daily Fibonacci 38.2% | 155.66 |
| Daily Fibonacci 61.8% | 155.36 |
| Daily Pivot Point S1 | 155.13 |
| Daily Pivot Point S2 | 154.37 |
| Daily Pivot Point S3 | 153.86 |
| Daily Pivot Point R1 | 156.40 |
| Daily Pivot Point R2 | 156.91 |
| Daily Pivot Point R3 | 157.67 |
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