#EURJPY @ 149.285 climbs sharply to 2023 past 149.00. (Pivot Orderbook analysis)
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- EUR/JPY climbs sharply to 2023 past 149.00.
- Further upside could visit the 150.00 region in the near term.
The pair currently trades last at 149.285.
The previous day high was 147.99 while the previous day low was 147.14. The daily 38.2% Fib levels comes at 147.67, expected to provide support. Similarly, the daily 61.8% fib level is at 147.47, expected to provide support.
EUR/JPY rallies north of the 149.00 hurdle for the first time since early December 2014.
The underlying strong upside momentum in the cross appears unchallenged for the time being. Against that, the continuation of the upward bias should challenge the key 150.00 barrier in the relatively short term.
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.43.
Technical Levels: Supports and Resistances
EURJPY currently trading at 149.38 at the time of writing. Pair opened at 147.73 and is trading with a change of 1.12 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 149.38 |
| 1 | Today Daily Change | 274.00 |
| 2 | Today Daily Change % | 1.12 |
| 3 | Today daily open | 147.73 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 146.05, 50 SMA 144.37, 100 SMA @ 142.94 and 200 SMA @ 142.41.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 146.05 |
| 1 | Daily SMA50 | 144.37 |
| 2 | Daily SMA100 | 142.94 |
| 3 | Daily SMA200 | 142.41 |
The previous day high was 147.99 while the previous day low was 147.14. The daily 38.2% Fib levels comes at 147.67, expected to provide support. Similarly, the daily 61.8% fib level is at 147.47, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 147.25, 146.77, 146.4
- Pivot resistance is noted at 148.1, 148.47, 148.95
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 147.99 |
| Previous Daily Low | 147.14 |
| Previous Weekly High | 147.86 |
| Previous Weekly Low | 146.40 |
| Previous Monthly High | 145.67 |
| Previous Monthly Low | 138.83 |
| Daily Fibonacci 38.2% | 147.67 |
| Daily Fibonacci 61.8% | 147.47 |
| Daily Pivot Point S1 | 147.25 |
| Daily Pivot Point S2 | 146.77 |
| Daily Pivot Point S3 | 146.40 |
| Daily Pivot Point R1 | 148.10 |
| Daily Pivot Point R2 | 148.47 |
| Daily Pivot Point R3 | 148.95 |
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