#EURJPY @ 140.780 adds to Wednesday’s uptick and regains 141.00 and above. (Pivot Orderbook analysis)
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
- EUR/JPY adds to Wednesday’s uptick and regains 141.00 and above.
- A sustainable move above the 200-day SMA should expose extra gains.
The pair currently trades last at 140.780.
The previous day high was 141.03 while the previous day low was 140.29. The daily 38.2% Fib levels comes at 140.75, expected to provide support. Similarly, the daily 61.8% fib level is at 140.58, expected to provide support.
EUR/JPY advances for the second session in a row on Thursday, although the initial bull run to the 141.30 region fizzled out rapidly.
While the cross is expected to maintain the side-lined theme in the short term, the 143.00 area remains a solid barrier for bulls. This key resistance zone also appears reinforced by the 100-day SMA, today at 142.90
If the cross breaks above the 200-day SMA at 141.02 on a sustainable fashion, the outlook is expected to shift to a more constructive one.
Technical Levels: Supports and Resistances
EURJPY currently trading at 140.86 at the time of writing. Pair opened at 140.82 and is trading with a change of 0.03 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 140.86 |
| 1 | Today Daily Change | 91.00 |
| 2 | Today Daily Change % | 0.03 |
| 3 | Today daily open | 140.82 |
The pair is trading above its 20 Daily moving average @ 140.67, below its 50 Daily moving average @ 141.62 , below its 100 Daily moving average @ 142.93 and below its 200 Daily moving average @ 141.04
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 140.67 |
| 1 | Daily SMA50 | 141.62 |
| 2 | Daily SMA100 | 142.93 |
| 3 | Daily SMA200 | 141.04 |
The previous day high was 141.03 while the previous day low was 140.29. The daily 38.2% Fib levels comes at 140.75, expected to provide support. Similarly, the daily 61.8% fib level is at 140.58, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 140.4, 139.98, 139.66
- Pivot resistance is noted at 141.13, 141.45, 141.87
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 141.03 |
| Previous Daily Low | 140.29 |
| Previous Weekly High | 142.34 |
| Previous Weekly Low | 139.93 |
| Previous Monthly High | 142.86 |
| Previous Monthly Low | 137.39 |
| Daily Fibonacci 38.2% | 140.75 |
| Daily Fibonacci 61.8% | 140.58 |
| Daily Pivot Point S1 | 140.40 |
| Daily Pivot Point S2 | 139.98 |
| Daily Pivot Point S3 | 139.66 |
| Daily Pivot Point R1 | 141.13 |
| Daily Pivot Point R2 | 141.45 |
| Daily Pivot Point R3 | 141.87 |
[/s2If]
Join Our Telegram Group
