#EURJPY @ 141.765 starts the week with strong gains well north of 141.00 (Pivot Orderbook analysis)
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- EUR/JPY starts the week with strong gains well north of 141.00
- Extra choppiness remains on the cards for the time being.
The pair currently trades last at 141.765.
The previous day high was 141.92 while the previous day low was 140.82. The daily 38.2% Fib levels comes at 141.24, expected to provide support. Similarly, the daily 61.8% fib level is at 141.5, expected to provide support.
EUR/JPY extends the erratic performance for yet another session on Monday, this time advancing sharply beyond the 141.00 barrier.
Extra consolidation should not be ruled out in the very near term. In case the downside accelerates, the next support of note emerges at the 200-day SMA, today at 140.84. A sustainable drop below the latter exposes extra weakness to, initially, the 138.00 neighbourhood.
The constructive outlook for EUR/JPY is seen unchanged above the 200-day SMA for the time being.
Technical Levels: Supports and Resistances
EURJPY currently trading at 141.85 at the time of writing. Pair opened at 141.12 and is trading with a change of 0.52 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 141.85 |
| 1 | Today Daily Change | 130.00 |
| 2 | Today Daily Change % | 0.52 |
| 3 | Today daily open | 141.12 |
The pair is trading above its 20 Daily moving average @ 140.42, below its 50 Daily moving average @ 142.13 , below its 100 Daily moving average @ 143.1 and above its 200 Daily moving average @ 140.86
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 140.42 |
| 1 | Daily SMA50 | 142.13 |
| 2 | Daily SMA100 | 143.10 |
| 3 | Daily SMA200 | 140.86 |
The previous day high was 141.92 while the previous day low was 140.82. The daily 38.2% Fib levels comes at 141.24, expected to provide support. Similarly, the daily 61.8% fib level is at 141.5, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 140.65, 140.19, 139.56
- Pivot resistance is noted at 141.75, 142.38, 142.85
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 141.92 |
| Previous Daily Low | 140.82 |
| Previous Weekly High | 142.30 |
| Previous Weekly Low | 140.47 |
| Previous Monthly High | 146.73 |
| Previous Monthly Low | 138.80 |
| Daily Fibonacci 38.2% | 141.24 |
| Daily Fibonacci 61.8% | 141.50 |
| Daily Pivot Point S1 | 140.65 |
| Daily Pivot Point S2 | 140.19 |
| Daily Pivot Point S3 | 139.56 |
| Daily Pivot Point R1 | 141.75 |
| Daily Pivot Point R2 | 142.38 |
| Daily Pivot Point R3 | 142.85 |
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