The EURJPY pair continues to rise above the 159.00 level on Wednesday, with the current price at 159.302.
…
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 extends the rally north of 159.00 on Wednesday.
The pair currently trades last at 159.302.
The previous day high was 159.06 while the previous day low was 158.24. The daily 38.2% Fib levels comes at 158.75, expected to provide support. Similarly, the daily 61.8% fib level is at 158.56, expected to provide support.
EUR/JPY keeps the buying pressure well and sound and surpasses the 159.00 hurdle on Wednesday.
If the move higher picks up extra pace, the cross should challenge recent 2023 highs near 159.50 (August 22) ahead of the key round level at 160.00. The surpass of the latter should not see any resistance level of note until the 2008 high at 169.96 (July 23)
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 147.84.
Technical Levels: Supports and Resistances
EURJPY currently trading at 159.31 at the time of writing. Pair opened at 158.72 and is trading with a change of 0.37 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 159.31 |
| 1 | Today Daily Change | 90.00 |
| 2 | Today Daily Change % | 0.37 |
| 3 | Today daily open | 158.72 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 157.98, 50 SMA 156.95, 100 SMA @ 153.12 and 200 SMA @ 147.81.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 157.98 |
| 1 | Daily SMA50 | 156.95 |
| 2 | Daily SMA100 | 153.12 |
| 3 | Daily SMA200 | 147.81 |
The previous day high was 159.06 while the previous day low was 158.24. The daily 38.2% Fib levels comes at 158.75, expected to provide support. Similarly, the daily 61.8% fib level is at 158.56, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 158.29, 157.86, 157.47
- Pivot resistance is noted at 159.11, 159.5, 159.93
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 159.06 |
| Previous Daily Low | 158.24 |
| Previous Weekly High | 159.49 |
| Previous Weekly Low | 156.87 |
| Previous Monthly High | 158.05 |
| Previous Monthly Low | 151.41 |
| Daily Fibonacci 38.2% | 158.75 |
| Daily Fibonacci 61.8% | 158.56 |
| Daily Pivot Point S1 | 158.29 |
| Daily Pivot Point S2 | 157.86 |
| Daily Pivot Point S3 | 157.47 |
| Daily Pivot Point R1 | 159.11 |
| Daily Pivot Point R2 | 159.50 |
| Daily Pivot Point R3 | 159.93 |
[/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
