#EURJPY @ 143.981 has reached an important resistance area at 144.00. (Pivot Orderbook analysis)
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- EUR/JPY has reached an important resistance area at 144.00.
- The daily chart shows a bullish triangle formation.
The pair currently trades last at 143.981.
The previous day high was 142.64 while the previous day low was 141.4. The daily 38.2% Fib levels comes at 142.16, expected to provide support. Similarly, the daily 61.8% fib level is at 141.87, expected to provide support.
The euro appreciates on Thursday for the third consecutive day to retrace last week’s reversal and return to a key resistance area at 144.00, which is being tested at the time of writing.
The pair lies right now at the point where bulls were capped in early October, September 20, and also on June 20, 22, 23, and 28. That resistance line and the bullish trendline support from early August lows are forming an upward triangle pattern.
Furthermore, the 50 and the 10-day moving averages are featuring a bullish crossover, while the RSI shows some room before hitting overbought levels.
This might encourage bulls to break above the mentioned 144.00, aiming for September 12 high at 145.65 ahead of the 2014 high of 149.65.
On the downside, immediate support lies at 140.85 (October 10 low) ahead of trendline support at 140.35. Once below here, bears might take over, pushing the pair towards September lows at 137.30.
Technical Levels: Supports and Resistances
EURJPY currently trading at 144.01 at the time of writing. Pair opened at 142.6 and is trading with a change of 0.99 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 144.01 |
| 1 | Today Daily Change | 1.41 |
| 2 | Today Daily Change % | 0.99 |
| 3 | Today daily open | 142.60 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 141.74, 50 SMA 140.04, 100 SMA @ 139.96 and 200 SMA @ 136.35.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 141.74 |
| 1 | Daily SMA50 | 140.04 |
| 2 | Daily SMA100 | 139.96 |
| 3 | Daily SMA200 | 136.35 |
The previous day high was 142.64 while the previous day low was 141.4. The daily 38.2% Fib levels comes at 142.16, expected to provide support. Similarly, the daily 61.8% fib level is at 141.87, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 141.79, 140.98, 140.56
- Pivot resistance is noted at 143.02, 143.45, 144.26
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 142.64 |
| Previous Daily Low | 141.40 |
| Previous Weekly High | 144.09 |
| Previous Weekly Low | 141.19 |
| Previous Monthly High | 145.64 |
| Previous Monthly Low | 137.38 |
| Daily Fibonacci 38.2% | 142.16 |
| Daily Fibonacci 61.8% | 141.87 |
| Daily Pivot Point S1 | 141.79 |
| Daily Pivot Point S2 | 140.98 |
| Daily Pivot Point S3 | 140.56 |
| Daily Pivot Point R1 | 143.02 |
| Daily Pivot Point R2 | 143.45 |
| Daily Pivot Point R3 | 144.26 |
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