#EURJPY @ 150.408 comes under further downside pressure and breaches 150.00. (Pivot Orderbook analysis)
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- EUR/JPY comes under further downside pressure and breaches 150.00.
- A move above 151.00 should put the 2023 peak near 151.60 on the radar.
The pair currently trades last at 150.408.
The previous day high was 151.07 while the previous day low was 150.1. The daily 38.2% Fib levels comes at 150.47, expected to provide resistance. Similarly, the daily 61.8% fib level is at 150.7, expected to provide resistance.
EUR/JPY adds to Monday’s fresh bearishness and breaks below the key support at 150.00 the figure on Tuesday.
Further upside appears a plausible near-term scenario, and a convincing breakout of the round level at 151.00 could encourage the cross to confront the 2023 top at 151.61 (May 2) in the not-so-distant future.
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 143.76.
Technical Levels: Supports and Resistances
EURJPY currently trading at 150.3 at the time of writing. Pair opened at 150.38 and is trading with a change of -0.05 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 150.30 |
| 1 | Today Daily Change | 88.00 |
| 2 | Today Daily Change % | -0.05 |
| 3 | Today daily open | 150.38 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 148.93, 50 SMA 146.82, 100 SMA @ 144.49 and 200 SMA @ 143.73.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 148.93 |
| 1 | Daily SMA50 | 146.82 |
| 2 | Daily SMA100 | 144.49 |
| 3 | Daily SMA200 | 143.73 |
The previous day high was 151.07 while the previous day low was 150.1. The daily 38.2% Fib levels comes at 150.47, expected to provide resistance. Similarly, the daily 61.8% fib level is at 150.7, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 149.96, 149.54, 148.99
- Pivot resistance is noted at 150.94, 151.49, 151.92
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 151.07 |
| Previous Daily Low | 150.10 |
| Previous Weekly High | 150.94 |
| Previous Weekly Low | 148.84 |
| Previous Monthly High | 150.44 |
| Previous Monthly Low | 142.55 |
| Daily Fibonacci 38.2% | 150.47 |
| Daily Fibonacci 61.8% | 150.70 |
| Daily Pivot Point S1 | 149.96 |
| Daily Pivot Point S2 | 149.54 |
| Daily Pivot Point S3 | 148.99 |
| Daily Pivot Point R1 | 150.94 |
| Daily Pivot Point R2 | 151.49 |
| Daily Pivot Point R3 | 151.92 |
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