#EURJPY @ 144.983 comes under pressure and breaks below 145.00. (Pivot Orderbook analysis)
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- EUR/JPY comes under pressure and breaks below 145.00.
- The next hurdle of note still emerges around 147.00 near term.
The pair currently trades last at 144.983.
The previous day high was 145.65 while the previous day low was 144.34. The daily 38.2% Fib levels comes at 145.14, expected to provide resistance. Similarly, the daily 61.8% fib level is at 144.84, expected to provide support.
EUR/JPY fades the optimism seen at the beginning of the week and puts 145.00 to the test on turnaround Tuesday.
So far, the corrective rebound looks well in place and the cross should face initial resistance at the so far November high at 147.11 (November 9). Above the latter, the door could open to a more meaningful move to the 2022 peak at 148.40 (October 21).
In the longer run, while above the key 200-day SMA at 138.54, the positive outlook is expected to remain unchanged.
Technical Levels: Supports and Resistances
EURJPY currently trading at 144.94 at the time of writing. Pair opened at 145.53 and is trading with a change of -0.41 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 144.94 |
| 1 | Today Daily Change | 82.00 |
| 2 | Today Daily Change % | -0.41 |
| 3 | Today daily open | 145.53 |
The pair is trading below its 20 Daily moving average @ 145.68, above its 50 Daily moving average @ 144.08 , above its 100 Daily moving average @ 141.3 and above its 200 Daily moving average @ 138.52
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 145.68 |
| 1 | Daily SMA50 | 144.08 |
| 2 | Daily SMA100 | 141.30 |
| 3 | Daily SMA200 | 138.52 |
The previous day high was 145.65 while the previous day low was 144.34. The daily 38.2% Fib levels comes at 145.14, expected to provide resistance. Similarly, the daily 61.8% fib level is at 144.84, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 144.69, 143.86, 143.39
- Pivot resistance is noted at 146.0, 146.48, 147.31
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 145.65 |
| Previous Daily Low | 144.34 |
| Previous Weekly High | 145.55 |
| Previous Weekly Low | 143.35 |
| Previous Monthly High | 148.40 |
| Previous Monthly Low | 140.90 |
| Daily Fibonacci 38.2% | 145.14 |
| Daily Fibonacci 61.8% | 144.84 |
| Daily Pivot Point S1 | 144.69 |
| Daily Pivot Point S2 | 143.86 |
| Daily Pivot Point S3 | 143.39 |
| Daily Pivot Point R1 | 146.00 |
| Daily Pivot Point R2 | 146.48 |
| Daily Pivot Point R3 | 147.31 |
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