#EURJPY @ 146.298 comes under pressure after printing new cycle highs. (Pivot Orderbook analysis)
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- EUR/JPY comes under pressure after printing new cycle highs.
- Further up aligns the December 2014 top at 149.78.
The pair currently trades last at 146.298.
The previous day high was 147.2 while the previous day low was 145.82. The daily 38.2% Fib levels comes at 146.67, expected to provide resistance. Similarly, the daily 61.8% fib level is at 146.35, expected to provide resistance.
EUR/JPY returns to the negative territory after six consecutive sessions closing with gains.
Considering the current price action in the cross, the door still looks open to extra upside. That said, the immediate target now emerges at the December 2014 peak at 149.78 (December 8).
In the short term the upside momentum is expected to persist while above the October lows near 141.00.
In the longer run, while above the key 200-day SMA at 136.68, the constructive outlook for the cross should remain unchanged.
Technical Levels: Supports and Resistances
EURJPY currently trading at 146.38 at the time of writing. Pair opened at 147.12 and is trading with a change of -0.5 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 146.38 |
| 1 | Today Daily Change | 118.00 |
| 2 | Today Daily Change % | -0.50 |
| 3 | Today daily open | 147.12 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 142.17, 50 SMA 140.71, 100 SMA @ 140.3 and 200 SMA @ 136.64.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 142.17 |
| 1 | Daily SMA50 | 140.71 |
| 2 | Daily SMA100 | 140.30 |
| 3 | Daily SMA200 | 136.64 |
The previous day high was 147.2 while the previous day low was 145.82. The daily 38.2% Fib levels comes at 146.67, expected to provide resistance. Similarly, the daily 61.8% fib level is at 146.35, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 146.23, 145.34, 144.85
- Pivot resistance is noted at 147.61, 148.09, 148.98
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 147.20 |
| Previous Daily Low | 145.82 |
| Previous Weekly High | 144.85 |
| Previous Weekly Low | 140.90 |
| Previous Monthly High | 145.64 |
| Previous Monthly Low | 137.38 |
| Daily Fibonacci 38.2% | 146.67 |
| Daily Fibonacci 61.8% | 146.35 |
| Daily Pivot Point S1 | 146.23 |
| Daily Pivot Point S2 | 145.34 |
| Daily Pivot Point S3 | 144.85 |
| Daily Pivot Point R1 | 147.61 |
| Daily Pivot Point R2 | 148.09 |
| Daily Pivot Point R3 | 148.98 |
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