Japanese Yen among top performers on Thursday. (Pivot Orderbook analysis)
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- Japanese Yen among top performers on Thursday.
- US dollar trims gains during the American session after ISM.
- USDJPY unable to move away from the 148.00 mark.
The pair currently trades last at 147.87.
The previous day high was 148.38 while the previous day low was 145.67. The daily 38.2% Fib levels comes at 146.7, expected to provide support. Similarly, the daily 61.8% fib level is at 147.34, expected to provide support.
The USDJPY erased gains during the American session and dropped from 148.44 to 147.60. The slide took place after the greenback lost momentum following the release of the ISM Service Index.
Ahead of the Non-farm Payrolls report due on Friday, the ISM Service sector report showed numbers below expectations across all indicators. The headline fell from 56.7 to 54.4, against market consensus of 55.5. The employment index fell to 49.1, versus the 51.6 expected.
The greenback lost momentum after the report and following the first hour of trading on Wall Street, which saw equity prices trim losses. US yields pulled back and favored the retreat in USDJPY.
The slide from 148.45 extended to 147.59 where the pair found support and redounded toward 148.00. As of writing, it is hovering around 147.85, near the level it closed on Wednesday.
The USDJPY continues to trade sideways between 147.00 and 149.00. A break above 149.00 should point to more gains while a consolidation under 147.00, would expose last week’s low near 145.00.
Technical Levels: Supports and Resistances
EURUSD currently trading at 147.87 at the time of writing. Pair opened at 147.88 and is trading with a change of -0.01 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 147.87 |
| 1 | Today Daily Change | -0.01 |
| 2 | Today Daily Change % | -0.01 |
| 3 | Today daily open | 147.88 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 147.63, 50 SMA 144.54, 100 SMA @ 140.09 and 200 SMA @ 131.69.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 147.63 |
| 1 | Daily SMA50 | 144.54 |
| 2 | Daily SMA100 | 140.09 |
| 3 | Daily SMA200 | 131.69 |
The previous day high was 148.38 while the previous day low was 145.67. The daily 38.2% Fib levels comes at 146.7, expected to provide support. Similarly, the daily 61.8% fib level is at 147.34, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 146.24, 144.6, 143.54
- Pivot resistance is noted at 148.94, 150.01, 151.65
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 148.38 |
| Previous Daily Low | 145.67 |
| Previous Weekly High | 149.71 |
| Previous Weekly Low | 145.11 |
| Previous Monthly High | 151.94 |
| Previous Monthly Low | 143.53 |
| Daily Fibonacci 38.2% | 146.70 |
| Daily Fibonacci 61.8% | 147.34 |
| Daily Pivot Point S1 | 146.24 |
| Daily Pivot Point S2 | 144.60 |
| Daily Pivot Point S3 | 143.54 |
| Daily Pivot Point R1 | 148.94 |
| Daily Pivot Point R2 | 150.01 |
| Daily Pivot Point R3 | 151.65 |
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