#EURJPY @ 148.065 faces extra selling pressure and flirts with 148.00. (Pivot Orderbook analysis)
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- EUR/JPY faces extra selling pressure and flirts with 148.00.
- Further decline could put the 146.30 region to the test in the near term
The pair currently trades last at 148.065.
The previous day high was 148.92 while the previous day low was 147.89. The daily 38.2% Fib levels comes at 148.28, expected to provide resistance. Similarly, the daily 61.8% fib level is at 148.52, expected to provide resistance.
EUR/JPY adds to Tuesday’s bearish performance and puts 148.00 to the test on Wednesday.
It seems the bullish outlook now appears somewhat dented. Against that, the cross could initially revisit the weekly low at 147.12 (May 4), while the loss of this level could spark a deeper decline to the weekly low at 146.28 (April 25).
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.90.
Technical Levels: Supports and Resistances
EURJPY currently trading at 148.1 at the time of writing. Pair opened at 148.24 and is trading with a change of -0.09 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 148.10 |
| 1 | Today Daily Change | 67.00 |
| 2 | Today Daily Change % | -0.09 |
| 3 | Today daily open | 148.24 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 148.0, 50 SMA 145.26, 100 SMA @ 143.33 and 200 SMA @ 142.88.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 148.00 |
| 1 | Daily SMA50 | 145.26 |
| 2 | Daily SMA100 | 143.33 |
| 3 | Daily SMA200 | 142.88 |
The previous day high was 148.92 while the previous day low was 147.89. The daily 38.2% Fib levels comes at 148.28, expected to provide resistance. Similarly, the daily 61.8% fib level is at 148.52, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 147.78, 147.32, 146.75
- Pivot resistance is noted at 148.8, 149.37, 149.83
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 148.92 |
| Previous Daily Low | 147.89 |
| Previous Weekly High | 151.62 |
| Previous Weekly Low | 147.13 |
| Previous Monthly High | 150.44 |
| Previous Monthly Low | 142.55 |
| Daily Fibonacci 38.2% | 148.28 |
| Daily Fibonacci 61.8% | 148.52 |
| Daily Pivot Point S1 | 147.78 |
| Daily Pivot Point S2 | 147.32 |
| Daily Pivot Point S3 | 146.75 |
| Daily Pivot Point R1 | 148.80 |
| Daily Pivot Point R2 | 149.37 |
| Daily Pivot Point R3 | 149.83 |
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