#EURJPY is experiencing a downward trend after reaching the highest levels so far in 2023 at a rate of 158.593.
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- EUR/JPY comes under pressure following new 2023 peaks.
The pair currently trades last at 158.593.
The previous day high was 159.76 while the previous day low was 158.45. The daily 38.2% Fib levels comes at 159.26, expected to provide resistance. Similarly, the daily 61.8% fib level is at 158.95, expected to provide resistance.
EUR/JPY reverses a five-day positive streak and breaks below the 159.00 support on Thursday.
The continuation of the uptrend could see the cross challenging the recent 2023 peak at near 159.76 (August 30) 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 147.92.
Technical Levels: Supports and Resistances
EURJPY currently trading at 158.62 at the time of writing. Pair opened at 159.75 and is trading with a change of -0.71 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 158.62 |
| 1 | Today Daily Change | 132.00 |
| 2 | Today Daily Change % | -0.71 |
| 3 | Today daily open | 159.75 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 158.12, 50 SMA 157.03, 100 SMA @ 153.25 and 200 SMA @ 147.88.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 158.12 |
| 1 | Daily SMA50 | 157.03 |
| 2 | Daily SMA100 | 153.25 |
| 3 | Daily SMA200 | 147.88 |
The previous day high was 159.76 while the previous day low was 158.45. The daily 38.2% Fib levels comes at 159.26, expected to provide resistance. Similarly, the daily 61.8% fib level is at 158.95, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 158.88, 158.01, 157.57
- Pivot resistance is noted at 160.19, 160.63, 161.5
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 159.76 |
| Previous Daily Low | 158.45 |
| Previous Weekly High | 159.49 |
| Previous Weekly Low | 156.87 |
| Previous Monthly High | 158.05 |
| Previous Monthly Low | 151.41 |
| Daily Fibonacci 38.2% | 159.26 |
| Daily Fibonacci 61.8% | 158.95 |
| Daily Pivot Point S1 | 158.88 |
| Daily Pivot Point S2 | 158.01 |
| Daily Pivot Point S3 | 157.57 |
| Daily Pivot Point R1 | 160.19 |
| Daily Pivot Point R2 | 160.63 |
| Daily Pivot Point R3 | 161.50 |
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