The EURJPY pair, currently trading at 157.817, made progress close to the 158.00 level, marking another day of consecutive increases.
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- EUR/JPY advanced near 158.00, setting a consecutive day of gains.
The pair currently trades last at 157.817.
The previous day high was 157.9 while the previous day low was 156.72. The daily 38.2% Fib levels comes at 157.45, expected to provide support. Similarly, the daily 61.8% fib level is at 157.17, expected to provide support.
On Monday, the EUR/JPY cross slightly advanced, near the 157.80 zone. Still, the pair could see further consolidation if the bull fails to reclaim the 20-day Simple Moving Average (SMA) at 158.00.
In line with that, indicators on the daily chart exhibit signs of bullish exhaustion, contributing to a neutral to bearish technical perspective. The Relative Strength Index (RSI), despite seeing a positive slope above its midline, displays a clear downward trend since mid-August, while the Moving Average Convergence (MACD) shows neutral red bars. Additionally, the pair is below the 20-day Simple Moving Average (SMA) but above the 100 and 200-day SMAs, indicating that the bulls still have the upper hand when looking at the broader picture. However, the pair got rejected by the 20-day SMA at 158.00 during September, which contributed to the pair losing momentum and left the door open for further downside.
Support levels: 157.00, 155.00, 154.60 (100-day SMA)
Resistance levels: 158.00 (20-day SMA), 158.50, 159.00.
Technical Levels: Supports and Resistances
EURJPY currently trading at 157.8 at the time of writing. Pair opened at 157.58 and is trading with a change of 0.14 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 157.80 |
| 1 | Today Daily Change | 0.22 |
| 2 | Today Daily Change % | 0.14 |
| 3 | Today daily open | 157.58 |
The pair is trading below its 20 Daily moving average @ 158.11, above its 50 Daily moving average @ 157.22 , above its 100 Daily moving average @ 154.49 and above its 200 Daily moving average @ 148.75
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 158.11 |
| 1 | Daily SMA50 | 157.22 |
| 2 | Daily SMA100 | 154.49 |
| 3 | Daily SMA200 | 148.75 |
The previous day high was 157.9 while the previous day low was 156.72. The daily 38.2% Fib levels comes at 157.45, expected to provide support. Similarly, the daily 61.8% fib level is at 157.17, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 156.9, 156.22, 155.73
- Pivot resistance is noted at 158.08, 158.58, 159.26
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 157.90 |
| Previous Daily Low | 156.72 |
| Previous Weekly High | 158.66 |
| Previous Weekly Low | 156.58 |
| Previous Monthly High | 159.76 |
| Previous Monthly Low | 155.53 |
| Daily Fibonacci 38.2% | 157.45 |
| Daily Fibonacci 61.8% | 157.17 |
| Daily Pivot Point S1 | 156.90 |
| Daily Pivot Point S2 | 156.22 |
| Daily Pivot Point S3 | 155.73 |
| Daily Pivot Point R1 | 158.08 |
| Daily Pivot Point R2 | 158.58 |
| Daily Pivot Point R3 | 159.26 |
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