#EURJPY @ 141.739 keeps the bid bias unaltered and approaches 142.00. (Pivot Orderbook analysis)
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- EUR/JPY keeps the bid bias unaltered and approaches 142.00.
- The next target of note comes near 143.00 (December 28).
The pair currently trades last at 141.739.
The previous day high was 141.92 while the previous day low was 140.16. The daily 38.2% Fib levels comes at 141.25, expected to provide support. Similarly, the daily 61.8% fib level is at 140.84, expected to provide support.
EUR/JPY advances for the third consecutive session and flirts with the 142.00 neighbourhood on Tuesday.
In light of the ongoing price action, further upside should not be ruled out in the short term. That said, the immediate up barrier appears at the weekly high at 142.93 (December 28), which appears reinforced by the proximity of the 100-day SMA, today at 142.99.
The outlook for EUR/JPY is expected to shift to constructive while above the 200-day SMA at 140.58.
Technical Levels: Supports and Resistances
EURJPY currently trading at 141.83 at the time of writing. Pair opened at 141.44 and is trading with a change of 0.28 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 141.83 |
| 1 | Today Daily Change | 83.00 |
| 2 | Today Daily Change % | 0.28 |
| 3 | Today daily open | 141.44 |
The pair is trading above its 20 Daily moving average @ 141.78, below its 50 Daily moving average @ 143.44 , below its 100 Daily moving average @ 142.97 and above its 200 Daily moving average @ 140.59
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 141.78 |
| 1 | Daily SMA50 | 143.44 |
| 2 | Daily SMA100 | 142.97 |
| 3 | Daily SMA200 | 140.59 |
The previous day high was 141.92 while the previous day low was 140.16. The daily 38.2% Fib levels comes at 141.25, expected to provide support. Similarly, the daily 61.8% fib level is at 140.84, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 140.43, 139.42, 138.68
- Pivot resistance is noted at 142.18, 142.93, 143.94
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 141.92 |
| Previous Daily Low | 140.16 |
| Previous Weekly High | 141.45 |
| Previous Weekly Low | 137.39 |
| Previous Monthly High | 146.73 |
| Previous Monthly Low | 138.80 |
| Daily Fibonacci 38.2% | 141.25 |
| Daily Fibonacci 61.8% | 140.84 |
| Daily Pivot Point S1 | 140.43 |
| Daily Pivot Point S2 | 139.42 |
| Daily Pivot Point S3 | 138.68 |
| Daily Pivot Point R1 | 142.18 |
| Daily Pivot Point R2 | 142.93 |
| Daily Pivot Point R3 | 143.94 |
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