The EURJPY pair continues to rise and builds on the upward movement seen on Tuesday.
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- EUR/JPY improves further and adds to Tuesday’s uptick.
The pair currently trades last at 158.410.
The previous day high was 158.29 while the previous day low was 157.18. The daily 38.2% Fib levels comes at 157.87, expected to provide support. Similarly, the daily 61.8% fib level is at 157.61, expected to provide support.
EUR/JPY extends the weekly rebound and pokes with the so far monthly peaks in the mid-158.00s on Wednesday.
In the meantime, the cross continues to face some side-lined trading prior to the potential resumption of the uptrend. That said, a minor hurdle emerges at the so far monthly highs around 158.50 (September 5-7) ahead of the 2023 top at 159.76 (August 30) and before 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 148.57.
Technical Levels: Supports and Resistances
EURJPY currently trading at 158.38 at the time of writing. Pair opened at 158.26 and is trading with a change of 0.08 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 158.38 |
| 1 | Today Daily Change | 65.00 |
| 2 | Today Daily Change % | 0.08 |
| 3 | Today daily open | 158.26 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 158.26, 50 SMA 157.16, 100 SMA @ 154.22 and 200 SMA @ 148.54.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 158.26 |
| 1 | Daily SMA50 | 157.16 |
| 2 | Daily SMA100 | 154.22 |
| 3 | Daily SMA200 | 148.54 |
The previous day high was 158.29 while the previous day low was 157.18. The daily 38.2% Fib levels comes at 157.87, expected to provide support. Similarly, the daily 61.8% fib level is at 157.61, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 157.53, 156.8, 156.42
- Pivot resistance is noted at 158.64, 159.02, 159.75
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 158.29 |
| Previous Daily Low | 157.18 |
| Previous Weekly High | 158.52 |
| Previous Weekly Low | 157.00 |
| Previous Monthly High | 159.76 |
| Previous Monthly Low | 155.53 |
| Daily Fibonacci 38.2% | 157.87 |
| Daily Fibonacci 61.8% | 157.61 |
| Daily Pivot Point S1 | 157.53 |
| Daily Pivot Point S2 | 156.80 |
| Daily Pivot Point S3 | 156.42 |
| Daily Pivot Point R1 | 158.64 |
| Daily Pivot Point R2 | 159.02 |
| Daily Pivot Point R3 | 159.75 |
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