#EURJPY @ 148.947 extends losses for the third session in a row. (Pivot Orderbook analysis)
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- EUR/JPY extends losses for the third session in a row.
- The continuation of the leg lower could revisit the 146.30 region.
The pair currently trades last at 148.947.
The previous day high was 150.39 while the previous day low was 149.0. The daily 38.2% Fib levels comes at 149.53, expected to provide resistance. Similarly, the daily 61.8% fib level is at 149.86, expected to provide resistance.
EUR/JPY’s selling pressure gathers further pace and forces the cross to break below the 149.00 support.
The underlying bullish outlook appears somewhat dented for the time being. Against that backdrop, the ongoing correction carries the potential to extend to the weekly low at 146.30 (April 25), where bears could struggle to push harder.
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.66.
Technical Levels: Supports and Resistances
EURJPY currently trading at 148.86 at the time of writing. Pair opened at 149.0 and is trading with a change of -0.09 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 148.86 |
| 1 | Today Daily Change | 68.00 |
| 2 | Today Daily Change % | -0.09 |
| 3 | Today daily open | 149.00 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 147.28, 50 SMA 144.9, 100 SMA @ 143.16 and 200 SMA @ 142.63.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 147.28 |
| 1 | Daily SMA50 | 144.90 |
| 2 | Daily SMA100 | 143.16 |
| 3 | Daily SMA200 | 142.63 |
The previous day high was 150.39 while the previous day low was 149.0. The daily 38.2% Fib levels comes at 149.53, expected to provide resistance. Similarly, the daily 61.8% fib level is at 149.86, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 148.54, 148.08, 147.15
- Pivot resistance is noted at 149.93, 150.86, 151.32
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 150.39 |
| Previous Daily Low | 149.00 |
| Previous Weekly High | 150.44 |
| Previous Weekly Low | 146.29 |
| Previous Monthly High | 150.44 |
| Previous Monthly Low | 142.55 |
| Daily Fibonacci 38.2% | 149.53 |
| Daily Fibonacci 61.8% | 149.86 |
| Daily Pivot Point S1 | 148.54 |
| Daily Pivot Point S2 | 148.08 |
| Daily Pivot Point S3 | 147.15 |
| Daily Pivot Point R1 | 149.93 |
| Daily Pivot Point R2 | 150.86 |
| Daily Pivot Point R3 | 151.32 |
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