The pair EURJPY has continued to make progress, reaching the range of 157.00 once again on Tuesday.
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
- EUR/JPY advances further and revisits the 157.00 area on Tuesday.
The pair currently trades last at 156.923.
The previous day high was 157.28 while the previous day low was 155.11. The daily 38.2% Fib levels comes at 156.45, expected to provide support. Similarly, the daily 61.8% fib level is at 155.94, expected to provide support.
EUR/JPY trades in a positive fashion for the third session in a row and retests the 15700 neighbourhood, or multi-day highs, on Tuesday.
The continuation of the upside momentum should initially target the 2023 high at 158.04 (July 21). The surpass of this levels exposes a move to the round level of 160.00 in the not-so-distant future.
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 146.53.
Technical Levels: Supports and Resistances
EURJPY currently trading at 156.9 at the time of writing. Pair opened at 156.61 and is trading with a change of 0.19 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 156.90 |
| 1 | Today Daily Change | NaN |
| 2 | Today Daily Change % | 0.19 |
| 3 | Today daily open | 156.61 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 155.83, 50 SMA 153.99, 100 SMA @ 149.98 and 200 SMA @ 146.52.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 155.83 |
| 1 | Daily SMA50 | 153.99 |
| 2 | Daily SMA100 | 149.98 |
| 3 | Daily SMA200 | 146.52 |
The previous day high was 157.28 while the previous day low was 155.11. The daily 38.2% Fib levels comes at 156.45, expected to provide support. Similarly, the daily 61.8% fib level is at 155.94, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 155.38, 154.16, 153.21
- Pivot resistance is noted at 157.56, 158.51, 159.74
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 157.28 |
| Previous Daily Low | 155.11 |
| Previous Weekly High | 157.80 |
| Previous Weekly Low | 151.41 |
| Previous Monthly High | 158.05 |
| Previous Monthly Low | 151.41 |
| Daily Fibonacci 38.2% | 156.45 |
| Daily Fibonacci 61.8% | 155.94 |
| Daily Pivot Point S1 | 155.38 |
| Daily Pivot Point S2 | 154.16 |
| Daily Pivot Point S3 | 153.21 |
| Daily Pivot Point R1 | 157.56 |
| Daily Pivot Point R2 | 158.51 |
| Daily Pivot Point R3 | 159.74 |
[/s2If]
Download Nehcap EAWe have two EAs that are operational on our LIVE accounts.
- EA-FIX: Check out the details here. Download EA-FIX . EA-FIX is a non-grid HFT scalper.
- EA-GROWTH: High quality low dd EA using trend grids. Download EA_GROWTHJoin Our Telegram Group
