#EURJPY @ 149.688 extends the weekly correction to the sub-150.00 zone. (Pivot Orderbook analysis)
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER 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_level1)]
- EUR/JPY extends the weekly correction to the sub-150.00 zone.
- Further retracement could see the cross retest the 146.30 region.
The pair currently trades last at 149.688.
The previous day high was 151.62 while the previous day low was 149.83. The daily 38.2% Fib levels comes at 150.51, expected to provide resistance. Similarly, the daily 61.8% fib level is at 150.94, expected to provide resistance.
EUR/JPY adds to Tuesday’s decline and breaches the key 150.00 support on Wednesday.
The underlying bullish stance appears unchanged so far, although the ongoing correction carries the potential to extend to the weekly low at 146.30 (April 25), where the cross is expected to meet decent contention.
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.60.
Technical Levels: Supports and Resistances
EURJPY currently trading at 149.67 at the time of writing. Pair opened at 150.23 and is trading with a change of -0.37 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 149.67 |
| 1 | Today Daily Change | 95.00 |
| 2 | Today Daily Change % | -0.37 |
| 3 | Today daily open | 150.23 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 146.98, 50 SMA 144.78, 100 SMA @ 143.12 and 200 SMA @ 142.59.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 146.98 |
| 1 | Daily SMA50 | 144.78 |
| 2 | Daily SMA100 | 143.12 |
| 3 | Daily SMA200 | 142.59 |
The previous day high was 151.62 while the previous day low was 149.83. The daily 38.2% Fib levels comes at 150.51, expected to provide resistance. Similarly, the daily 61.8% fib level is at 150.94, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 149.51, 148.78, 147.72
- Pivot resistance is noted at 151.29, 152.34, 153.07
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 151.62 |
| Previous Daily Low | 149.83 |
| Previous Weekly High | 150.44 |
| Previous Weekly Low | 146.29 |
| Previous Monthly High | 150.44 |
| Previous Monthly Low | 142.55 |
| Daily Fibonacci 38.2% | 150.51 |
| Daily Fibonacci 61.8% | 150.94 |
| Daily Pivot Point S1 | 149.51 |
| Daily Pivot Point S2 | 148.78 |
| Daily Pivot Point S3 | 147.72 |
| Daily Pivot Point R1 | 151.29 |
| Daily Pivot Point R2 | 152.34 |
| Daily Pivot Point R3 | 153.07 |
[/s2If]
Nehcap Expert Advisor
The NEHCAP MT4 EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD,GBPAUD, EURAUD, EURCAD, CHFJPY and many more.
The system is trading live: LIVE ACCOUNT TRACKING
You can run it free. Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
Join Our Telegram Group
