The EURJPY pair increased to 158.15 from 158.071, achieving a 0.40% increase for the week.
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- EUR/JPY advanced towards 158.15, setting a 0.40% weekly gain.
The pair currently trades last at 158.071.
The previous day high was 158.52 while the previous day low was 157.36. The daily 38.2% Fib levels comes at 157.81, expected to provide support. Similarly, the daily 61.8% fib level is at 158.08, expected to provide resistance.
At the end of the week, the EUR/JPY cross advanced to the 158.15 area, seeing 0.40% daily and weekly gains.
The daily charts suggest a neutral to bullish outlook for the cross, as the EUR/JPY’s bulls were constantly rejected by the 20-day Simple Moving Average (SMA) of 158.30 since Monday. In that sense, bulls are starting to lose steam as the Relative Strength Index (RSI) has a positive slope slightly above its midline, while the Moving Average Convergence (MACD) exhibits red bars.
On the other hand, the pair above the 100 and 200-day SMAs suggest that the bulls are comfortably in command over the bears on the bigger picture. If the bulls fail to retake the 20-day SMA, the 157.00 zone is open for a retest, followed by the 156.00 and 155.00 areas. Above the 20-day average, the resistance line up at the cycle’s peak at 158.00, followed by 158.50 and 159.00.
Technical Levels: Supports and Resistances
EURJPY currently trading at 158.17 at the time of writing. Pair opened at 157.56 and is trading with a change of 0.39 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 158.17 |
| 1 | Today Daily Change | 0.61 |
| 2 | Today Daily Change % | 0.39 |
| 3 | Today daily open | 157.56 |
The pair is trading below its 20 Daily moving average @ 158.38, above its 50 Daily moving average @ 157.13 , above its 100 Daily moving average @ 153.91 and above its 200 Daily moving average @ 148.31
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 158.38 |
| 1 | Daily SMA50 | 157.13 |
| 2 | Daily SMA100 | 153.91 |
| 3 | Daily SMA200 | 148.31 |
The previous day high was 158.52 while the previous day low was 157.36. The daily 38.2% Fib levels comes at 157.81, expected to provide support. Similarly, the daily 61.8% fib level is at 158.08, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 157.11, 156.65, 155.94
- Pivot resistance is noted at 158.27, 158.98, 159.43
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 158.52 |
| Previous Daily Low | 157.36 |
| Previous Weekly High | 159.76 |
| Previous Weekly Low | 157.06 |
| Previous Monthly High | 159.76 |
| Previous Monthly Low | 155.53 |
| Daily Fibonacci 38.2% | 157.81 |
| Daily Fibonacci 61.8% | 158.08 |
| Daily Pivot Point S1 | 157.11 |
| Daily Pivot Point S2 | 156.65 |
| Daily Pivot Point S3 | 155.94 |
| Daily Pivot Point R1 | 158.27 |
| Daily Pivot Point R2 | 158.98 |
| Daily Pivot Point R3 | 159.43 |
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