The current condition of EURJPY at 158.689 is maintaining a neutral stance but showing a slight inclination towards an upward movement. It is trading without much variation and is just below the levels that have been the highest recorded so far this year.
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- EUR/JPY remains neutral with an upward bias, trading flat shy of testing year-to-date highs.
The pair currently trades last at 158.689.
The previous day high was 158.57 while the previous day low was 158.07. The daily 38.2% Fib levels comes at 158.38, expected to provide support. Similarly, the daily 61.8% fib level is at 158.26, expected to provide support.
The Euro (EUR) extended its gains against the Japanese Yen (JPY) on Tuesday, but as Wednesday’s Asian session begins, the EUR/JPY cross-currency pair remains flat at around 158.68, shy of testing year-to-date (YTD) highs.
From a daily chart standpoint, the EUR/JPY remains neutral to an upward bias. But given that the last swing low was at 156.86, below the August swing low of 157.65, the current leg-up could be viewed as an upward correction. However, if buyers reclaim the YTD high at 159.49, that would pave the way for 160.00. Conversely, a drop below the Tenkan-Sen line at 158.18 can open the door for further downside.
In the short-term, the EUR/JPG is upward biased, but it needs to reclaim above the August 29 daily high of 159.06 to test YTD highs. Otherwise, if the cross dives below the Tenkan and Kijun-Sen lines at around 158.68/65, the pair could descend to the top of the Ichimoku Cloud (Kumo) at 158.33, followed by the S1 daily pivot at 158.25.
Technical Levels: Supports and Resistances
EURJPY currently trading at 158.69 at the time of writing. Pair opened at 158.53 and is trading with a change of 0.1 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 158.69 |
| 1 | Today Daily Change | 0.16 |
| 2 | Today Daily Change % | 0.10 |
| 3 | Today daily open | 158.53 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 157.91, 50 SMA 156.87, 100 SMA @ 152.99 and 200 SMA @ 147.74.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 157.91 |
| 1 | Daily SMA50 | 156.87 |
| 2 | Daily SMA100 | 152.99 |
| 3 | Daily SMA200 | 147.74 |
The previous day high was 158.57 while the previous day low was 158.07. The daily 38.2% Fib levels comes at 158.38, expected to provide support. Similarly, the daily 61.8% fib level is at 158.26, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 158.21, 157.89, 157.71
- Pivot resistance is noted at 158.71, 158.89, 159.21
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 158.57 |
| Previous Daily Low | 158.07 |
| Previous Weekly High | 159.49 |
| Previous Weekly Low | 156.87 |
| Previous Monthly High | 158.05 |
| Previous Monthly Low | 151.41 |
| Daily Fibonacci 38.2% | 158.38 |
| Daily Fibonacci 61.8% | 158.26 |
| Daily Pivot Point S1 | 158.21 |
| Daily Pivot Point S2 | 157.89 |
| Daily Pivot Point S3 | 157.71 |
| Daily Pivot Point R1 | 158.71 |
| Daily Pivot Point R2 | 158.89 |
| Daily Pivot Point R3 | 159.21 |
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