The EURJPY is moving without a clear direction below 147.00. (Pivot Orderbook analysis)
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- The EURJPY is moving without a clear direction below 147.00.
- Markets remain calm awaiting the outcome of the US midterm elections.
The pair currently trades last at 146.62.
The previous day high was 147.0 while the previous day low was 145.99. The daily 38.2% Fib levels comes at 146.37, expected to provide support. Similarly, the daily 61.8% fib level is at 146.61, expected to provide support.
The Euro is trading practically flat against the Japanese Yen for the second consecutive day. Upside attempts remain capped below 147.00, while support at the 146.30 area is keeping bears at a bay.
The Euro has lost the bullish momentum observed at the end of last week and the beginning of this one. The pair’s recovery from the 144.00 area traded water at 147.00 as the investors turned more cautious on the back of the uncertainty about the US midterm elections and ahead of the US CPI figures.
Euro bulls should extend past the 147.00/10 level to regain positive traction and extend gains towards 147.75 (October 26 and 31 highs) ahead of the long-term high at 148.40.
On the downside, a successful breach of the 100-period SMA might increase negative pressure to target the 146.00 area where the 50-period SMA meets November 8 lows. Below here, the next target would be November 6 low at 145.50.
Technical Levels: Supports and Resistances
EURUSD currently trading at 146.62 at the time of writing. Pair opened at 146.67 and is trading with a change of -0.03 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 146.62 |
| 1 | Today Daily Change | -0.05 |
| 2 | Today Daily Change % | -0.03 |
| 3 | Today daily open | 146.67 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 146.08, 50 SMA 143.52, 100 SMA @ 141.09 and 200 SMA @ 137.91.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 146.08 |
| 1 | Daily SMA50 | 143.52 |
| 2 | Daily SMA100 | 141.09 |
| 3 | Daily SMA200 | 137.91 |
The previous day high was 147.0 while the previous day low was 145.99. The daily 38.2% Fib levels comes at 146.37, expected to provide support. Similarly, the daily 61.8% fib level is at 146.61, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 146.11, 145.55, 145.11
- Pivot resistance is noted at 147.11, 147.56, 148.12
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 147.00 |
| Previous Daily Low | 145.99 |
| Previous Weekly High | 147.76 |
| Previous Weekly Low | 144.04 |
| Previous Monthly High | 148.40 |
| Previous Monthly Low | 140.90 |
| Daily Fibonacci 38.2% | 146.37 |
| Daily Fibonacci 61.8% | 146.61 |
| Daily Pivot Point S1 | 146.11 |
| Daily Pivot Point S2 | 145.55 |
| Daily Pivot Point S3 | 145.11 |
| Daily Pivot Point R1 | 147.11 |
| Daily Pivot Point R2 | 147.56 |
| Daily Pivot Point R3 | 148.12 |
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