#EURJPY @ 141.304 extends the weekly recovery past the 141.00 barrier. (Pivot Orderbook analysis)
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- EUR/JPY extends the weekly recovery past the 141.00 barrier.
- The continuation of the rebound should target the 143.00 region.
The pair currently trades last at 141.304.
The previous day high was 141.37 while the previous day low was 139.97. The daily 38.2% Fib levels comes at 140.5, expected to provide support. Similarly, the daily 61.8% fib level is at 140.83, expected to provide support.
EUR/JPY reverses Thursday’s pullback and regains the 141.00 mark and beyond at the end of the week.
In light of the ongoing price action, further upside could not be ruled out in the ear term. That said, the immediate target emerges at the weekly high at 142.93 (December 28), which appears underpinned by the vicinity of the 100-day SMA.
The outlook for EUR/JPY is expected to shift to constructive while above the 200-day SMA, today at 140.52.
Technical Levels: Supports and Resistances
EURJPY currently trading at 141.16 at the time of writing. Pair opened at 140.31 and is trading with a change of 0.61 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 141.16 |
| 1 | Today Daily Change | 122.00 |
| 2 | Today Daily Change % | 0.61 |
| 3 | Today daily open | 140.31 |
The pair is trading below its 20 Daily moving average @ 142.13, below its 50 Daily moving average @ 143.68 , below its 100 Daily moving average @ 142.89 and above its 200 Daily moving average @ 140.53
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 142.13 |
| 1 | Daily SMA50 | 143.68 |
| 2 | Daily SMA100 | 142.89 |
| 3 | Daily SMA200 | 140.53 |
The previous day high was 141.37 while the previous day low was 139.97. The daily 38.2% Fib levels comes at 140.5, expected to provide support. Similarly, the daily 61.8% fib level is at 140.83, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 139.73, 139.15, 138.33
- Pivot resistance is noted at 141.13, 141.95, 142.53
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 141.37 |
| Previous Daily Low | 139.97 |
| Previous Weekly High | 142.94 |
| Previous Weekly Low | 140.00 |
| Previous Monthly High | 146.73 |
| Previous Monthly Low | 138.80 |
| Daily Fibonacci 38.2% | 140.50 |
| Daily Fibonacci 61.8% | 140.83 |
| Daily Pivot Point S1 | 139.73 |
| Daily Pivot Point S2 | 139.15 |
| Daily Pivot Point S3 | 138.33 |
| Daily Pivot Point R1 | 141.13 |
| Daily Pivot Point R2 | 141.95 |
| Daily Pivot Point R3 | 142.53 |
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