#EURJPY @ 148.037 struggles for direction just below the 148.00 mark. (Pivot Orderbook analysis)
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- EUR/JPY struggles for direction just below the 148.00 mark.
- Further losses could see the 146.30 area revisited in the near term.
The pair currently trades last at 148.037.
The previous day high was 149.21 while the previous day low was 147.13. The daily 38.2% Fib levels comes at 147.92, expected to provide support. Similarly, the daily 61.8% fib level is at 148.41, expected to provide resistance.
EUR/JPY seems to have met some initial contention around the 147.00 zone so far this week (low May 4).
The strong downside seen in the last sessions appears to have dented the bullish outlook. Against that backdrop, the ongoing correction carries the potential to extend to the weekly low at 146.30 (April 25), where bears are expected to meet decent support.
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.71.
Technical Levels: Supports and Resistances
EURJPY currently trading at 147.87 at the time of writing. Pair opened at 147.81 and is trading with a change of 0.04 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 147.87 |
| 1 | Today Daily Change | 44.00 |
| 2 | Today Daily Change % | 0.04 |
| 3 | Today daily open | 147.81 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 147.47, 50 SMA 145.0, 100 SMA @ 143.18 and 200 SMA @ 142.69.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 147.47 |
| 1 | Daily SMA50 | 145.00 |
| 2 | Daily SMA100 | 143.18 |
| 3 | Daily SMA200 | 142.69 |
The previous day high was 149.21 while the previous day low was 147.13. The daily 38.2% Fib levels comes at 147.92, expected to provide support. Similarly, the daily 61.8% fib level is at 148.41, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 146.89, 145.97, 144.82
- Pivot resistance is noted at 148.97, 150.12, 151.04
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 149.21 |
| Previous Daily Low | 147.13 |
| Previous Weekly High | 150.44 |
| Previous Weekly Low | 146.29 |
| Previous Monthly High | 150.44 |
| Previous Monthly Low | 142.55 |
| Daily Fibonacci 38.2% | 147.92 |
| Daily Fibonacci 61.8% | 148.41 |
| Daily Pivot Point S1 | 146.89 |
| Daily Pivot Point S2 | 145.97 |
| Daily Pivot Point S3 | 144.82 |
| Daily Pivot Point R1 | 148.97 |
| Daily Pivot Point R2 | 150.12 |
| Daily Pivot Point R3 | 151.04 |
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