The EURJPY pair, currently trading at 157.202, is further contributing to its downward trend for the week as it approaches the support level of 157.00.
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
- EUR/JPY adds to the weekly decline near the 157.00 support.
The pair currently trades last at 157.202.
The previous day high was 157.93 while the previous day low was 157.32. The daily 38.2% Fib levels comes at 157.55, expected to provide resistance. Similarly, the daily 61.8% fib level is at 157.69, expected to provide resistance.
EUR/JPY maintains the bearish mood so far this week and revisits the vicinity of the 157.00 neighbourhood on Wednesday.
In the meantime, the cross remains stuck within the consolidative range and the breakout of it exposes a visit to the so far monthly high of 158.65 (September 13) prior to the 2023 top at 159.76 (August 30), which precedes the key round level at 160.00.
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 149.26.
Technical Levels: Supports and Resistances
EURJPY currently trading at 157.24 at the time of writing. Pair opened at 157.6 and is trading with a change of -0.23 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 157.24 |
| 1 | Today Daily Change | 48.00 |
| 2 | Today Daily Change % | -0.23 |
| 3 | Today daily open | 157.60 |
The pair is trading below its 20 Daily moving average @ 157.94, below its 50 Daily moving average @ 157.57 , above its 100 Daily moving average @ 155.1 and above its 200 Daily moving average @ 149.22
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 157.94 |
| 1 | Daily SMA50 | 157.57 |
| 2 | Daily SMA100 | 155.10 |
| 3 | Daily SMA200 | 149.22 |
The previous day high was 157.93 while the previous day low was 157.32. The daily 38.2% Fib levels comes at 157.55, expected to provide resistance. Similarly, the daily 61.8% fib level is at 157.69, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 157.3, 157.01, 156.7
- Pivot resistance is noted at 157.91, 158.22, 158.51
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 157.93 |
| Previous Daily Low | 157.32 |
| Previous Weekly High | 158.45 |
| Previous Weekly Low | 157.04 |
| Previous Monthly High | 159.76 |
| Previous Monthly Low | 155.53 |
| Daily Fibonacci 38.2% | 157.55 |
| Daily Fibonacci 61.8% | 157.69 |
| Daily Pivot Point S1 | 157.30 |
| Daily Pivot Point S2 | 157.01 |
| Daily Pivot Point S3 | 156.70 |
| Daily Pivot Point R1 | 157.91 |
| Daily Pivot Point R2 | 158.22 |
| Daily Pivot Point R3 | 158.51 |
[/s2If]
Download Nehcap EAWe have two EAs that are operational on our LIVE accounts.
- EA-FIX: Check out the details here. Download EA-FIX . EA-FIX is a non-grid HFT scalper.
- EA-GROWTH: High quality low dd EA using trend grids. Download EA_GROWTHJoin Our Telegram Group
