#EURJPY @ 140.278 trades with modest losses and adds to Thursday’s strong drop. (Pivot Orderbook analysis)
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- EUR/JPY trades with modest losses and adds to Thursday’s strong drop.
- The cross broke below the 200-day SMA, exposing further weakness.
The pair currently trades last at 140.278.
The previous day high was 141.94 while the previous day low was 140.08. The daily 38.2% Fib levels comes at 140.79, expected to provide resistance. Similarly, the daily 61.8% fib level is at 141.23, expected to provide resistance.
EUR/JPY remains under pressure and briefly revisited the key 140.00 neighbourhood at the end of the week.
The cross appears to have broken below the multi-session consolidative phase as well as the 200-day SMA, today at 140.93.
In doing so, further decline now appears in store in the very near term and with the immediate target at the 138.00 region.
Technical Levels: Supports and Resistances
EURJPY currently trading at 140.33 at the time of writing. Pair opened at 140.52 and is trading with a change of -0.14 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 140.33 |
| 1 | Today Daily Change | 62.00 |
| 2 | Today Daily Change % | -0.14 |
| 3 | Today daily open | 140.52 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 140.74, 50 SMA 141.82, 100 SMA @ 143.0 and 200 SMA @ 140.95.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 140.74 |
| 1 | Daily SMA50 | 141.82 |
| 2 | Daily SMA100 | 143.00 |
| 3 | Daily SMA200 | 140.95 |
The previous day high was 141.94 while the previous day low was 140.08. The daily 38.2% Fib levels comes at 140.79, expected to provide resistance. Similarly, the daily 61.8% fib level is at 141.23, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 139.76, 138.99, 137.9
- Pivot resistance is noted at 141.61, 142.7, 143.46
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 141.94 |
| Previous Daily Low | 140.08 |
| Previous Weekly High | 142.30 |
| Previous Weekly Low | 140.47 |
| Previous Monthly High | 142.86 |
| Previous Monthly Low | 137.39 |
| Daily Fibonacci 38.2% | 140.79 |
| Daily Fibonacci 61.8% | 141.23 |
| Daily Pivot Point S1 | 139.76 |
| Daily Pivot Point S2 | 138.99 |
| Daily Pivot Point S3 | 137.90 |
| Daily Pivot Point R1 | 141.61 |
| Daily Pivot Point R2 | 142.70 |
| Daily Pivot Point R3 | 143.46 |
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