#EURJPY @ 142.875 fades Thursday’s uptick and keeps the familiar range. (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 fades Thursday’s uptick and keeps the familiar range.
- The cross seems to have moved into a consolidative phase near term.
The pair currently trades last at 142.875.
The previous day high was 143.68 while the previous day low was 142.57. The daily 38.2% Fib levels comes at 143.26, expected to provide resistance. Similarly, the daily 61.8% fib level is at 142.99, expected to provide resistance.
EUR/JPY trades within the familiar range and leaves behind Thursday’s uptick to the 143.70 region.
The cross keeps the erratic performance so far this week and extends the corrective downside considering the bearish divergence in the daily RSI seen in past sessions. That said, while further decline should not be ruled out, the cross could likely attempt some consolidation ahead of the probable continuation of the uptrend.
In the meantime, while above the 200-day SMA at 135.23, the prospects for the pair should remain constructive.
Technical Levels: Supports and Resistances
EURJPY currently trading at 143.0 at the time of writing. Pair opened at 143.55 and is trading with a change of -0.38 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 143.00 |
| 1 | Today Daily Change | 89.00 |
| 2 | Today Daily Change % | -0.38 |
| 3 | Today daily open | 143.55 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 140.21, 50 SMA 138.8, 100 SMA @ 138.91 and 200 SMA @ 135.19.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 140.21 |
| 1 | Daily SMA50 | 138.80 |
| 2 | Daily SMA100 | 138.91 |
| 3 | Daily SMA200 | 135.19 |
The previous day high was 143.68 while the previous day low was 142.57. The daily 38.2% Fib levels comes at 143.26, expected to provide resistance. Similarly, the daily 61.8% fib level is at 142.99, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 142.85, 142.15, 141.74
- Pivot resistance is noted at 143.97, 144.39, 145.09
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 143.68 |
| Previous Daily Low | 142.57 |
| Previous Weekly High | 144.72 |
| Previous Weekly Low | 138.69 |
| Previous Monthly High | 139.73 |
| Previous Monthly Low | 133.40 |
| Daily Fibonacci 38.2% | 143.26 |
| Daily Fibonacci 61.8% | 142.99 |
| Daily Pivot Point S1 | 142.85 |
| Daily Pivot Point S2 | 142.15 |
| Daily Pivot Point S3 | 141.74 |
| Daily Pivot Point R1 | 143.97 |
| Daily Pivot Point R2 | 144.39 |
| Daily Pivot Point R3 | 145.09 |
[/s2If]
Join Our Telegram Group
