The EURJPY currency pair has experienced a decline below the 156.00 level due to a combination of uncertain market sentiment, but the upward trend in general is still intact.
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- EUR/JPY registers losses below the 156.00 area due to mixed market sentiment, but the overall uptrend remains.
The pair currently trades last at 155.923.
The previous day high was 157.21 while the previous day low was 155.84. The daily 38.2% Fib levels comes at 156.68, expected to provide resistance. Similarly, the daily 61.8% fib level is at 156.36, expected to provide resistance.
Late in the North American session, the EUR/JPY registered losses below the 156.00 area amid a mixed market sentiment triggered by upbeat US economic data, underpinning safe-haven currencies in the FX space. At the time of writing, the EUR/JPY exchanges hand at 155.99, after hitting a daily high of 156.62.
The EUR/JPY uptrend remains in play, but today’s price action, coupled with Wednesday, is forming a two-candlestick chart pattern called ‘bearish-harami,’ which suggests the EUR/JPY could be ready for a pullback while maintaining its upward bias.
It should be said that on the EUR/JPY way down, the Tenkan-Sen would be the first support at 155.26. A breach of the latter will expose the Senkou Span A at 155.01, followed by the Kijun-Sen levels emerging at 154.76.
On the flip side, for EUR/JPY buyers to regain control, they must keep prices from achieving a daily close below 156.00. Once done, buyers could remain hopeful for higher prices, with the first resistance being the July 19 high at 157.20, followed by the year-to-date (YTD) high at 157.99.
Technical Levels: Supports and Resistances
EURJPY currently trading at 156.0 at the time of writing. Pair opened at 156.37 and is trading with a change of -0.24 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 156.00 |
| 1 | Today Daily Change | -0.37 |
| 2 | Today Daily Change % | -0.24 |
| 3 | Today daily open | 156.37 |
The pair is trading below its 20 Daily moving average @ 156.41, above its 50 Daily moving average @ 152.81 , above its 100 Daily moving average @ 149.06 and above its 200 Daily moving average @ 146.13
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 156.41 |
| 1 | Daily SMA50 | 152.81 |
| 2 | Daily SMA100 | 149.06 |
| 3 | Daily SMA200 | 146.13 |
The previous day high was 157.21 while the previous day low was 155.84. The daily 38.2% Fib levels comes at 156.68, expected to provide resistance. Similarly, the daily 61.8% fib level is at 156.36, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 155.74, 155.11, 154.38
- Pivot resistance is noted at 157.1, 157.84, 158.46
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 157.21 |
| Previous Daily Low | 155.84 |
| Previous Weekly High | 156.67 |
| Previous Weekly Low | 153.43 |
| Previous Monthly High | 158.00 |
| Previous Monthly Low | 148.62 |
| Daily Fibonacci 38.2% | 156.68 |
| Daily Fibonacci 61.8% | 156.36 |
| Daily Pivot Point S1 | 155.74 |
| Daily Pivot Point S2 | 155.11 |
| Daily Pivot Point S3 | 154.38 |
| Daily Pivot Point R1 | 157.10 |
| Daily Pivot Point R2 | 157.84 |
| Daily Pivot Point R3 | 158.46 |
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