#EURJPY @ 147.730 clinches fresh tops near 148.60 on Tuesday. (Pivot Orderbook analysis)
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- EUR/JPY clinches fresh tops near 148.60 on Tuesday.
- Next of note on the upside comes the 150.00 yardstick.
The pair currently trades last at 147.730.
The previous day high was 148.47 while the previous day low was 147.12. The daily 38.2% Fib levels comes at 147.96, expected to provide resistance. Similarly, the daily 61.8% fib level is at 147.64, expected to provide support.
EUR/JPY corrects lower following the move to fresh highs in the 148.60/65 band, an area last seen back in later December 2014.
The underlying strong upside momentum in the cross appears so far unabated despite the ongoing knee-jerk. Further north of recent tops at 148.63 (April 25), the cross could embark on a potential visit to the key 150.00 mark in the not-so-distant future.
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.31.
Technical Levels: Supports and Resistances
EURJPY currently trading at 147.79 at the time of writing. Pair opened at 148.29 and is trading with a change of -0.34 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 147.79 |
| 1 | Today Daily Change | 102.00 |
| 2 | Today Daily Change % | -0.34 |
| 3 | Today daily open | 148.29 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 145.48, 50 SMA 144.11, 100 SMA @ 142.83 and 200 SMA @ 142.32.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 145.48 |
| 1 | Daily SMA50 | 144.11 |
| 2 | Daily SMA100 | 142.83 |
| 3 | Daily SMA200 | 142.32 |
The previous day high was 148.47 while the previous day low was 147.12. The daily 38.2% Fib levels comes at 147.96, expected to provide resistance. Similarly, the daily 61.8% fib level is at 147.64, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 147.45, 146.61, 146.1
- Pivot resistance is noted at 148.8, 149.31, 150.15
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 148.47 |
| Previous Daily Low | 147.12 |
| Previous Weekly High | 147.86 |
| Previous Weekly Low | 146.40 |
| Previous Monthly High | 145.67 |
| Previous Monthly Low | 138.83 |
| Daily Fibonacci 38.2% | 147.96 |
| Daily Fibonacci 61.8% | 147.64 |
| Daily Pivot Point S1 | 147.45 |
| Daily Pivot Point S2 | 146.61 |
| Daily Pivot Point S3 | 146.10 |
| Daily Pivot Point R1 | 148.80 |
| Daily Pivot Point R2 | 149.31 |
| Daily Pivot Point R3 | 150.15 |
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