#EURJPY @ 143.134 comes under pressure following earlier new cycle tops. (Pivot Orderbook analysis)
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- EUR/JPY comes under pressure following earlier new cycle tops.
- The ongoing corrective decline could extend to the 138.70 region.
The pair currently trades last at 143.134.
The previous day high was 144.33 while the previous day low was 143.18. The daily 38.2% Fib levels comes at 143.89, expected to provide resistance. Similarly, the daily 61.8% fib level is at 143.62, expected to provide resistance.
EUR/JPY advances to new tops near 144.70, an area last traded back in January 2015, before embarking on a corrective drop.
The cross comes down from the overbought territory and the ongoing technical move carries the potential to extend to the 138.70 region, an area coincident with the September low and the 55-day SMA.
In the meantime, while above the 200-day SMA at 134.84, the prospects for the pair should remain constructive.
Technical Levels: Supports and Resistances
EURJPY currently trading at 143.01 at the time of writing. Pair opened at 144.12 and is trading with a change of -0.77 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 143.01 |
| 1 | Today Daily Change | 208.00 |
| 2 | Today Daily Change % | -0.77 |
| 3 | Today daily open | 144.12 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 138.48, 50 SMA 138.41, 100 SMA @ 138.57 and 200 SMA @ 134.8.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 138.48 |
| 1 | Daily SMA50 | 138.41 |
| 2 | Daily SMA100 | 138.57 |
| 3 | Daily SMA200 | 134.80 |
The previous day high was 144.33 while the previous day low was 143.18. The daily 38.2% Fib levels comes at 143.89, expected to provide resistance. Similarly, the daily 61.8% fib level is at 143.62, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 143.42, 142.72, 142.27
- Pivot resistance is noted at 144.57, 145.02, 145.72
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 144.33 |
| Previous Daily Low | 143.18 |
| Previous Weekly High | 140.75 |
| Previous Weekly Low | 137.04 |
| Previous Monthly High | 139.73 |
| Previous Monthly Low | 133.40 |
| Daily Fibonacci 38.2% | 143.89 |
| Daily Fibonacci 61.8% | 143.62 |
| Daily Pivot Point S1 | 143.42 |
| Daily Pivot Point S2 | 142.72 |
| Daily Pivot Point S3 | 142.27 |
| Daily Pivot Point R1 | 144.57 |
| Daily Pivot Point R2 | 145.02 |
| Daily Pivot Point R3 | 145.72 |
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