#EURJPY @ 141.733 adds to the recent rebound and surpasses 142.00. (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 the recent rebound and surpasses 142.00.
- Further upside could see the 144.00 region revisited.
The pair currently trades last at 141.733.
The previous day high was 142.29 while the previous day low was 140.78. The daily 38.2% Fib levels comes at 141.72, expected to provide support. Similarly, the daily 61.8% fib level is at 141.36, expected to provide support.
EUR/JPY maintains the bullish bias and reclaims the area beyond the 142.00 barrier at the beginning of the week.
The continuation of the rebound from last week’s lows remains well in place for the time being. That said, the cross could therefore extend the bullish attempt to the weekly top at 144.04 (September 20), which is deemed as the last defense for a move to the 2022 peak at 145.63 (September 12).
In the meantime, while above the key 200-day SMA at 135.90, the constructive outlook for the cross should remain unchanged.
Technical Levels: Supports and Resistances
EURJPY currently trading at 141.96 at the time of writing. Pair opened at 141.9 and is trading with a change of 0.04 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 141.96 |
| 1 | Today Daily Change | 110.00 |
| 2 | Today Daily Change % | 0.04 |
| 3 | Today daily open | 141.90 |
The pair is trading below its 20 Daily moving average @ 142.01, above its 50 Daily moving average @ 139.22 , above its 100 Daily moving average @ 139.42 and above its 200 Daily moving average @ 135.88
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 142.01 |
| 1 | Daily SMA50 | 139.22 |
| 2 | Daily SMA100 | 139.42 |
| 3 | Daily SMA200 | 135.88 |
The previous day high was 142.29 while the previous day low was 140.78. The daily 38.2% Fib levels comes at 141.72, expected to provide support. Similarly, the daily 61.8% fib level is at 141.36, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 141.03, 140.15, 139.51
- Pivot resistance is noted at 142.54, 143.17, 144.05
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 142.29 |
| Previous Daily Low | 140.78 |
| Previous Weekly High | 142.29 |
| Previous Weekly Low | 137.38 |
| Previous Monthly High | 145.64 |
| Previous Monthly Low | 137.38 |
| Daily Fibonacci 38.2% | 141.72 |
| Daily Fibonacci 61.8% | 141.36 |
| Daily Pivot Point S1 | 141.03 |
| Daily Pivot Point S2 | 140.15 |
| Daily Pivot Point S3 | 139.51 |
| Daily Pivot Point R1 | 142.54 |
| Daily Pivot Point R2 | 143.17 |
| Daily Pivot Point R3 | 144.05 |
[/s2If]
Join Our Telegram Group
