On Wednesday, EURJPY at 154.815 reversed its decline for two days in a row.
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- EUR/JPY reverses two consecutive daily pullbacks on Wednesday.
The pair currently trades last at 154.815.
The previous day high was 155.38 while the previous day low was 154.05. The daily 38.2% Fib levels comes at 154.56, expected to provide support. Similarly, the daily 61.8% fib level is at 154.87, expected to provide resistance.
EUR/JPY regains composure and breaks above the key hurdle at 155.00 the figure on Wednesday.
While extra gains remain on the cards, the ongoing overbought conditions of the cross are indicative that further retracements should not be ruled out in the short-term horizon.
In the longer run, the resumption of the uptrend should clear the YTD high to then refocus on the weekly top recorded in late September 2008 at 156.83, which precedes the key round level at 157.00.
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 144.62.
Technical Levels: Supports and Resistances
EURJPY currently trading at 154.84 at the time of writing. Pair opened at 154.44 and is trading with a change of 0.26 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 154.84 |
| 1 | Today Daily Change | 105.00 |
| 2 | Today Daily Change % | 0.26 |
| 3 | Today daily open | 154.44 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 150.97, 50 SMA 149.28, 100 SMA @ 146.16 and 200 SMA @ 144.6.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 150.97 |
| 1 | Daily SMA50 | 149.28 |
| 2 | Daily SMA100 | 146.16 |
| 3 | Daily SMA200 | 144.60 |
The previous day high was 155.38 while the previous day low was 154.05. The daily 38.2% Fib levels comes at 154.56, expected to provide support. Similarly, the daily 61.8% fib level is at 154.87, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 153.87, 153.29, 152.54
- Pivot resistance is noted at 155.2, 155.96, 156.53
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 155.38 |
| Previous Daily Low | 154.05 |
| Previous Weekly High | 155.27 |
| Previous Weekly Low | 149.67 |
| Previous Monthly High | 151.62 |
| Previous Monthly Low | 146.14 |
| Daily Fibonacci 38.2% | 154.56 |
| Daily Fibonacci 61.8% | 154.87 |
| Daily Pivot Point S1 | 153.87 |
| Daily Pivot Point S2 | 153.29 |
| Daily Pivot Point S3 | 152.54 |
| Daily Pivot Point R1 | 155.20 |
| Daily Pivot Point R2 | 155.96 |
| Daily Pivot Point R3 | 156.53 |
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