There is increasing downward momentum on the EURJPY currency pair, with its value at 155.245, following a sequence of three consecutive days of rising prices.
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- EUR/JPY comes under pressure after three straight daily gains.
The pair currently trades last at 155.245.
The previous day high was 156.34 while the previous day low was 155.1. The daily 38.2% Fib levels comes at 155.57, expected to provide resistance. Similarly, the daily 61.8% fib level is at 155.87, expected to provide resistance.
EUR/JPY fades the auspicious start of the week and slips back to the 155.00 neighbourhood on Tuesday.
In the meantime, the cross keeps the recovery mode in place and the continuation of the uptrend carries the potential to challenge the so far 2023 peak in the boundaries of 158.00 the figure (June 29).
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 146.02.
Technical Levels: Supports and Resistances
EURJPY currently trading at 155.61 at the time of writing. Pair opened at 155.83 and is trading with a change of -0.14 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 155.61 |
| 1 | Today Daily Change | 106.00 |
| 2 | Today Daily Change % | -0.14 |
| 3 | Today daily open | 155.83 |
The pair is trading below its 20 Daily moving average @ 156.31, above its 50 Daily moving average @ 152.48 , above its 100 Daily moving average @ 148.83 and above its 200 Daily moving average @ 145.99
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 156.31 |
| 1 | Daily SMA50 | 152.48 |
| 2 | Daily SMA100 | 148.83 |
| 3 | Daily SMA200 | 145.99 |
The previous day high was 156.34 while the previous day low was 155.1. The daily 38.2% Fib levels comes at 155.57, expected to provide resistance. Similarly, the daily 61.8% fib level is at 155.87, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 155.17, 154.52, 153.93
- Pivot resistance is noted at 156.42, 157.0, 157.66
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 156.34 |
| Previous Daily Low | 155.10 |
| Previous Weekly High | 156.67 |
| Previous Weekly Low | 153.43 |
| Previous Monthly High | 158.00 |
| Previous Monthly Low | 148.62 |
| Daily Fibonacci 38.2% | 155.57 |
| Daily Fibonacci 61.8% | 155.87 |
| Daily Pivot Point S1 | 155.17 |
| Daily Pivot Point S2 | 154.52 |
| Daily Pivot Point S3 | 153.93 |
| Daily Pivot Point R1 | 156.42 |
| Daily Pivot Point R2 | 157.00 |
| Daily Pivot Point R3 | 157.66 |
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