#EURJPY @ 150.021 adds to Wednesday’s uptick and revisits the 150.00 region. (Pivot Orderbook analysis)
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- EUR/JPY adds to Wednesday’s uptick and revisits the 150.00 region.
- Further upside targets the 151.00 mark and beyond.
The pair currently trades last at 150.021.
The previous day high was 150.02 while the previous day low was 148.63. The daily 38.2% Fib levels comes at 149.49, expected to provide support. Similarly, the daily 61.8% fib level is at 149.16, expected to provide support.
EUR/JPY pushes higher and manages to revisit the key 150.00 zone on Thursday.
In case gains accelerate, there is an immediate hurdle at the so far monthly high at 150.19 (June 5). The surpass of this level could put the weekly top at 151.07 (May 29) back on the radar, while a convincing breakout of the latter exposes a probable move 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 144.16.
Technical Levels: Supports and Resistances
EURJPY currently trading at 149.9 at the time of writing. Pair opened at 149.91 and is trading with a change of -0.01 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 149.90 |
| 1 | Today Daily Change | 46.00 |
| 2 | Today Daily Change % | -0.01 |
| 3 | Today daily open | 149.91 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 149.27, 50 SMA 147.84, 100 SMA @ 145.16 and 200 SMA @ 144.14.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 149.27 |
| 1 | Daily SMA50 | 147.84 |
| 2 | Daily SMA100 | 145.16 |
| 3 | Daily SMA200 | 144.14 |
The previous day high was 150.02 while the previous day low was 148.63. The daily 38.2% Fib levels comes at 149.49, expected to provide support. Similarly, the daily 61.8% fib level is at 149.16, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 149.02, 148.14, 147.64
- Pivot resistance is noted at 150.41, 150.91, 151.8
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 150.02 |
| Previous Daily Low | 148.63 |
| Previous Weekly High | 151.07 |
| Previous Weekly Low | 148.59 |
| Previous Monthly High | 151.62 |
| Previous Monthly Low | 146.14 |
| Daily Fibonacci 38.2% | 149.49 |
| Daily Fibonacci 61.8% | 149.16 |
| Daily Pivot Point S1 | 149.02 |
| Daily Pivot Point S2 | 148.14 |
| Daily Pivot Point S3 | 147.64 |
| Daily Pivot Point R1 | 150.41 |
| Daily Pivot Point R2 | 150.91 |
| Daily Pivot Point R3 | 151.80 |
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