The EURJPY is beginning the week with optimism at approximately 150.00.
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- EUR/JPY starts the week on a positive mood around 150.00.
The pair currently trades last at 150.182.
The previous day high was 150.44 while the previous day low was 149.64. The daily 38.2% Fib levels comes at 149.95, expected to provide support. Similarly, the daily 61.8% fib level is at 150.13, expected to provide support.
EUR/JPY reverses two consecutive daily pullbacks and regains upside traction around the 150.00 region on Monday.
In case bulls remain in control, there is an immediate hurdle at the weekly top at 151.07 (May 29), while a convincing breakout of this level 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 144.26.
Technical Levels: Supports and Resistances
EURJPY currently trading at 150.04 at the time of writing. Pair opened at 149.76 and is trading with a change of 0.19 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 150.04 |
| 1 | Today Daily Change | 61.00 |
| 2 | Today Daily Change % | 0.19 |
| 3 | Today daily open | 149.76 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 149.54, 50 SMA 148.06, 100 SMA @ 145.36 and 200 SMA @ 144.25.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 149.54 |
| 1 | Daily SMA50 | 148.06 |
| 2 | Daily SMA100 | 145.36 |
| 3 | Daily SMA200 | 144.25 |
The previous day high was 150.44 while the previous day low was 149.64. The daily 38.2% Fib levels comes at 149.95, expected to provide support. Similarly, the daily 61.8% fib level is at 150.13, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 149.45, 149.15, 148.65
- Pivot resistance is noted at 150.25, 150.75, 151.05
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 150.44 |
| Previous Daily Low | 149.64 |
| Previous Weekly High | 150.44 |
| Previous Weekly Low | 148.63 |
| Previous Monthly High | 151.62 |
| Previous Monthly Low | 146.14 |
| Daily Fibonacci 38.2% | 149.95 |
| Daily Fibonacci 61.8% | 150.13 |
| Daily Pivot Point S1 | 149.45 |
| Daily Pivot Point S2 | 149.15 |
| Daily Pivot Point S3 | 148.65 |
| Daily Pivot Point R1 | 150.25 |
| Daily Pivot Point R2 | 150.75 |
| Daily Pivot Point R3 | 151.05 |
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