The pair EURJPY, which was trading at 158.158, ignores two consecutive daily declines and attempts to reach the level of 158.00 once again.
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- EUR/JPY sets aside two daily pullbacks in a row and retests 158.00.
The pair currently trades last at 158.158.
The previous day high was 157.97 while the previous day low was 157.06. The daily 38.2% Fib levels comes at 157.4, expected to provide support. Similarly, the daily 61.8% fib level is at 157.62, expected to provide support.
EUR/JPY regains some upside traction and reverses two straight sessions of losses at the beginning of the week.
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).
In the meantime, the resumption of the selling pressure is expected to meet initial support at the weekly low around 157.00 (September 1), an area reinforced by the temporary 55-day SMA.
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 148.05.
Technical Levels: Supports and Resistances
EURJPY currently trading at 158.18 at the time of writing. Pair opened at 157.57 and is trading with a change of 0.39 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 158.18 |
| 1 | Today Daily Change | 92.00 |
| 2 | Today Daily Change % | 0.39 |
| 3 | Today daily open | 157.57 |
The pair is trading below its 20 Daily moving average @ 158.29, above its 50 Daily moving average @ 157.07 , above its 100 Daily moving average @ 153.47 and above its 200 Daily moving average @ 148.02
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 158.29 |
| 1 | Daily SMA50 | 157.07 |
| 2 | Daily SMA100 | 153.47 |
| 3 | Daily SMA200 | 148.02 |
The previous day high was 157.97 while the previous day low was 157.06. The daily 38.2% Fib levels comes at 157.4, expected to provide support. Similarly, the daily 61.8% fib level is at 157.62, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 157.1, 156.62, 156.19
- Pivot resistance is noted at 158.01, 158.44, 158.92
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 157.97 |
| Previous Daily Low | 157.06 |
| Previous Weekly High | 159.76 |
| Previous Weekly Low | 157.06 |
| Previous Monthly High | 159.76 |
| Previous Monthly Low | 155.53 |
| Daily Fibonacci 38.2% | 157.40 |
| Daily Fibonacci 61.8% | 157.62 |
| Daily Pivot Point S1 | 157.10 |
| Daily Pivot Point S2 | 156.62 |
| Daily Pivot Point S3 | 156.19 |
| Daily Pivot Point R1 | 158.01 |
| Daily Pivot Point R2 | 158.44 |
| Daily Pivot Point R3 | 158.92 |
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