#EURJPY @ 142.981 advances to new 2023 high past 143.00 on Wednesday. (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 advances to new 2023 high past 143.00 on Wednesday.
- Extra strength could revisit the December 2022 high near 146.70.
The pair currently trades last at 142.981.
The previous day high was 142.94 while the previous day low was 141.52. The daily 38.2% Fib levels comes at 142.4, expected to provide support. Similarly, the daily 61.8% fib level is at 142.07, expected to provide support.
EUR/JPY adds to the weekly recovery and surpasses the 143.00 hurdle to clinch new YTD peaks on Wednesday.
While the cross looks broadly side-lined for the time being, a convincing break above the 143.00 region could trigger a move higher to, initially, the December 2022 top at 146.72 (December 15).
In the meantime, while above the 200-day SMA, today at 141.11, the outlook for the cross is expected to remain positive.
Technical Levels: Supports and Resistances
EURJPY currently trading at 142.97 at the time of writing. Pair opened at 142.86 and is trading with a change of 0.08 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 142.97 |
| 1 | Today Daily Change | 82.00 |
| 2 | Today Daily Change % | 0.08 |
| 3 | Today daily open | 142.86 |
The pair is trading above its 20 Daily moving average @ 141.18, above its 50 Daily moving average @ 141.53 , below its 100 Daily moving average @ 143.02 and above its 200 Daily moving average @ 141.13
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 141.18 |
| 1 | Daily SMA50 | 141.53 |
| 2 | Daily SMA100 | 143.02 |
| 3 | Daily SMA200 | 141.13 |
The previous day high was 142.94 while the previous day low was 141.52. The daily 38.2% Fib levels comes at 142.4, expected to provide support. Similarly, the daily 61.8% fib level is at 142.07, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 141.94, 141.02, 140.52
- Pivot resistance is noted at 143.36, 143.86, 144.78
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 142.94 |
| Previous Daily Low | 141.52 |
| Previous Weekly High | 142.88 |
| Previous Weekly Low | 139.55 |
| Previous Monthly High | 142.86 |
| Previous Monthly Low | 137.39 |
| Daily Fibonacci 38.2% | 142.40 |
| Daily Fibonacci 61.8% | 142.07 |
| Daily Pivot Point S1 | 141.94 |
| Daily Pivot Point S2 | 141.02 |
| Daily Pivot Point S3 | 140.52 |
| Daily Pivot Point R1 | 143.36 |
| Daily Pivot Point R2 | 143.86 |
| Daily Pivot Point R3 | 144.78 |
[/s2If]
Join Our Telegram Group
