#EURJPY @ 149.256 adds to Monday’s pullback and breaches 149.00. (Pivot Orderbook analysis)
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- EUR/JPY adds to Monday’s pullback and breaches 149.00.
- Occasional bullish attempts should meet a tough barrier near 151.00.
The pair currently trades last at 149.256.
The previous day high was 150.2 while the previous day low was 149.23. The daily 38.2% Fib levels comes at 149.6, expected to provide resistance. Similarly, the daily 61.8% fib level is at 149.83, expected to provide resistance.
EUR/JPY corrects further south and retreats to the sub-149.00 region on Tuesday.
In case bulls regain the initiative, there is an immediate hurdle at the so far monthly high at 150.19 (June 5). The convincing surpass of this level could put the weekly top at 151.07 (May 29) back on the radar prior to the 2023 peak at 151.61 (May 2).
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 144.05.
Technical Levels: Supports and Resistances
EURJPY currently trading at 149.04 at the time of writing. Pair opened at 149.54 and is trading with a change of -0.33 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 149.04 |
| 1 | Today Daily Change | 87.00 |
| 2 | Today Daily Change % | -0.33 |
| 3 | Today daily open | 149.54 |
The pair is trading below its 20 Daily moving average @ 149.1, above its 50 Daily moving average @ 147.58 , above its 100 Daily moving average @ 144.94 and above its 200 Daily moving average @ 144.04
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 149.10 |
| 1 | Daily SMA50 | 147.58 |
| 2 | Daily SMA100 | 144.94 |
| 3 | Daily SMA200 | 144.04 |
The previous day high was 150.2 while the previous day low was 149.23. The daily 38.2% Fib levels comes at 149.6, expected to provide resistance. Similarly, the daily 61.8% fib level is at 149.83, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 149.12, 148.69, 148.15
- Pivot resistance is noted at 150.08, 150.62, 151.05
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 150.20 |
| Previous Daily Low | 149.23 |
| Previous Weekly High | 151.07 |
| Previous Weekly Low | 148.59 |
| Previous Monthly High | 151.62 |
| Previous Monthly Low | 146.14 |
| Daily Fibonacci 38.2% | 149.60 |
| Daily Fibonacci 61.8% | 149.83 |
| Daily Pivot Point S1 | 149.12 |
| Daily Pivot Point S2 | 148.69 |
| Daily Pivot Point S3 | 148.15 |
| Daily Pivot Point R1 | 150.08 |
| Daily Pivot Point R2 | 150.62 |
| Daily Pivot Point R3 | 151.05 |
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