#EURJPY @ 143.384 adds to Tuesday’s pullback below the 143.00 yardstick. (Pivot Orderbook analysis)
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE 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_level4)]
- EUR/JPY adds to Tuesday’s pullback below the 143.00 yardstick.
- The 138.80 region should offer decent support near term.
The pair currently trades last at 143.384.
The previous day high was 145.28 while the previous day low was 144.03. The daily 38.2% Fib levels comes at 144.51, expected to provide resistance. Similarly, the daily 61.8% fib level is at 144.81, expected to provide resistance.
EUR/JPY extends the corrective downside for the second session in a row and breaches the 143.00 mark on Wednesday.
The ongoing knee-jerk is not surprising considering the bearish divergence in the daily RSI. That said, the continuation of the decline could extend to the 138.80 zone, where the 55- and 100-day SMAs coincide.
In the meantime, while above the 200-day SMA at 135.08, the prospects for the pair should remain constructive.
Technical Levels: Supports and Resistances
EURJPY currently trading at 143.42 at the time of writing. Pair opened at 144.19 and is trading with a change of -0.53 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 143.42 |
| 1 | Today Daily Change | 156.00 |
| 2 | Today Daily Change % | -0.53 |
| 3 | Today daily open | 144.19 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 139.63, 50 SMA 138.61, 100 SMA @ 138.78 and 200 SMA @ 135.05.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 139.63 |
| 1 | Daily SMA50 | 138.61 |
| 2 | Daily SMA100 | 138.78 |
| 3 | Daily SMA200 | 135.05 |
The previous day high was 145.28 while the previous day low was 144.03. The daily 38.2% Fib levels comes at 144.51, expected to provide resistance. Similarly, the daily 61.8% fib level is at 144.81, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 143.72, 143.24, 142.46
- Pivot resistance is noted at 144.97, 145.76, 146.23
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 145.28 |
| Previous Daily Low | 144.03 |
| Previous Weekly High | 144.72 |
| Previous Weekly Low | 138.69 |
| Previous Monthly High | 139.73 |
| Previous Monthly Low | 133.40 |
| Daily Fibonacci 38.2% | 144.51 |
| Daily Fibonacci 61.8% | 144.81 |
| Daily Pivot Point S1 | 143.72 |
| Daily Pivot Point S2 | 143.24 |
| Daily Pivot Point S3 | 142.46 |
| Daily Pivot Point R1 | 144.97 |
| Daily Pivot Point R2 | 145.76 |
| Daily Pivot Point R3 | 146.23 |
[/s2If]
Join Our Telegram Group
