#EURJPY @ 150.750 rose to fresh tops well past 151.00. (Pivot Orderbook analysis)
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- EUR/JPY rose to fresh tops well past 151.00.
- Next on the upside comes the September 2008 high near 159.60.
The pair currently trades last at 150.750.
The previous day high was 150.96 while the previous day low was 150.02. The daily 38.2% Fib levels comes at 150.61, expected to provide support. Similarly, the daily 61.8% fib level is at 150.38, expected to provide support.
EUR/JPY advances further and surpasses the 151.00 mark for the first time since September 2008 on Tuesday.
The underlying strong upside momentum in the cross appears unchallenged for the time being. Against that, the continuation of the upward bias should meet the next hurdle of note at the September 2008 high at 159.62 (September 1).
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.55.
Technical Levels: Supports and Resistances
EURJPY currently trading at 150.74 at the time of writing. Pair opened at 150.92 and is trading with a change of -0.12 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 150.74 |
| 1 | Today Daily Change | 119.00 |
| 2 | Today Daily Change % | -0.12 |
| 3 | Today daily open | 150.92 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 146.68, 50 SMA 144.65, 100 SMA @ 143.06 and 200 SMA @ 142.53.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 146.68 |
| 1 | Daily SMA50 | 144.65 |
| 2 | Daily SMA100 | 143.06 |
| 3 | Daily SMA200 | 142.53 |
The previous day high was 150.96 while the previous day low was 150.02. The daily 38.2% Fib levels comes at 150.61, expected to provide support. Similarly, the daily 61.8% fib level is at 150.38, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 150.31, 149.69, 149.36
- Pivot resistance is noted at 151.25, 151.58, 152.19
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 150.96 |
| Previous Daily Low | 150.02 |
| Previous Weekly High | 150.44 |
| Previous Weekly Low | 146.29 |
| Previous Monthly High | 150.44 |
| Previous Monthly Low | 142.55 |
| Daily Fibonacci 38.2% | 150.61 |
| Daily Fibonacci 61.8% | 150.38 |
| Daily Pivot Point S1 | 150.31 |
| Daily Pivot Point S2 | 149.69 |
| Daily Pivot Point S3 | 149.36 |
| Daily Pivot Point R1 | 151.25 |
| Daily Pivot Point R2 | 151.58 |
| Daily Pivot Point R3 | 152.19 |
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