#EURJPY @ 148.009 ’s recovery appears to have met initial hurdle near 148.00. (Pivot Orderbook analysis)
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- EUR/JPY’s recovery appears to have met initial hurdle near 148.00.
- The continuation of the rebound targets the weekly high near 149.30.
The pair currently trades last at 148.009.
The previous day high was 148.18 while the previous day low was 147.22. The daily 38.2% Fib levels comes at 147.81, expected to provide support. Similarly, the daily 61.8% fib level is at 147.59, expected to provide support.
The ongoing upside momentum in EUR/JPY struggles to surpass the 148.00 region with conviction on Tuesday.
Once the 148.00 area is surpassed, the cross should be able to challenge the weekly peak at 149.26 (May 8). The surpass of this level could pave the way for a potential test of the YTD high at 151.61 (May 2).
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 143.11.
Technical Levels: Supports and Resistances
EURJPY currently trading at 147.97 at the time of writing. Pair opened at 148.03 and is trading with a change of -0.04 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 147.97 |
| 1 | Today Daily Change | 50.00 |
| 2 | Today Daily Change % | -0.04 |
| 3 | Today daily open | 148.03 |
The pair is trading below its 20 Daily moving average @ 148.15, above its 50 Daily moving average @ 145.46 , above its 100 Daily moving average @ 143.6 and above its 200 Daily moving average @ 143.09
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 148.15 |
| 1 | Daily SMA50 | 145.46 |
| 2 | Daily SMA100 | 143.60 |
| 3 | Daily SMA200 | 143.09 |
The previous day high was 148.18 while the previous day low was 147.22. The daily 38.2% Fib levels comes at 147.81, expected to provide support. Similarly, the daily 61.8% fib level is at 147.59, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 147.44, 146.86, 146.49
- Pivot resistance is noted at 148.4, 148.76, 149.35
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 148.18 |
| Previous Daily Low | 147.22 |
| Previous Weekly High | 149.27 |
| Previous Weekly Low | 146.14 |
| Previous Monthly High | 150.44 |
| Previous Monthly Low | 142.55 |
| Daily Fibonacci 38.2% | 147.81 |
| Daily Fibonacci 61.8% | 147.59 |
| Daily Pivot Point S1 | 147.44 |
| Daily Pivot Point S2 | 146.86 |
| Daily Pivot Point S3 | 146.49 |
| Daily Pivot Point R1 | 148.40 |
| Daily Pivot Point R2 | 148.76 |
| Daily Pivot Point R3 | 149.35 |
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