The EURJPY pair continues to decline this week, reaching the 155.00 area.
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- EUR/JPY extends the weekly corrective decline to the 155.00 region.
The pair currently trades last at 155.235.
The previous day high was 156.89 while the previous day low was 155.62. The daily 38.2% Fib levels comes at 156.1, expected to provide resistance. Similarly, the daily 61.8% fib level is at 156.4, expected to provide resistance.
EUR/JPY is down for the third session in a row to multi-day lows near the 155.00 region on Wednesday.
Further correction now appears in store and the cross could now challenge the July lows near 153.30 (July12) prior to the interim 55-day SMA, today at 153.08.
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 146.36.
Technical Levels: Supports and Resistances
EURJPY currently trading at 155.24 at the time of writing. Pair opened at 155.73 and is trading with a change of -0.31 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 155.24 |
| 1 | Today Daily Change | 84.00 |
| 2 | Today Daily Change % | -0.31 |
| 3 | Today daily open | 155.73 |
The pair is trading below its 20 Daily moving average @ 156.31, above its 50 Daily moving average @ 153.52 , above its 100 Daily moving average @ 149.53 and above its 200 Daily moving average @ 146.35
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 156.31 |
| 1 | Daily SMA50 | 153.52 |
| 2 | Daily SMA100 | 149.53 |
| 3 | Daily SMA200 | 146.35 |
The previous day high was 156.89 while the previous day low was 155.62. The daily 38.2% Fib levels comes at 156.1, expected to provide resistance. Similarly, the daily 61.8% fib level is at 156.4, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 155.27, 154.81, 153.99
- Pivot resistance is noted at 156.54, 157.35, 157.82
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 156.89 |
| Previous Daily Low | 155.62 |
| Previous Weekly High | 158.05 |
| Previous Weekly Low | 154.88 |
| Previous Monthly High | 158.00 |
| Previous Monthly Low | 148.62 |
| Daily Fibonacci 38.2% | 156.10 |
| Daily Fibonacci 61.8% | 156.40 |
| Daily Pivot Point S1 | 155.27 |
| Daily Pivot Point S2 | 154.81 |
| Daily Pivot Point S3 | 153.99 |
| Daily Pivot Point R1 | 156.54 |
| Daily Pivot Point R2 | 157.35 |
| Daily Pivot Point R3 | 157.82 |
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