The EURJPY pair has surpassed the 158.00 level and continued to increase its gains, reaching new highs for 2023.
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- EUR/JPY accelerates gains to new 2023 peaks past 158.00.
The pair currently trades last at 157.453.
The previous day high was 156.62 while the previous day low was 155.87. The daily 38.2% Fib levels comes at 156.16, expected to provide support. Similarly, the daily 61.8% fib level is at 156.34, expected to provide support.
EUR/JPY advances further and reaches a new 2023 high just above 158.00 the figure at the end of the week.
In the meantime, the cross keeps the recovery mode well in place and the continuation of the uptrend is expected to challenge the key round level at 160.00 sooner rather than later.
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 146.22.
Technical Levels: Supports and Resistances
EURJPY currently trading at 157.44 at the time of writing. Pair opened at 155.9 and is trading with a change of 0.99 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 157.44 |
| 1 | Today Daily Change | 246.00 |
| 2 | Today Daily Change % | 0.99 |
| 3 | Today daily open | 155.90 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 156.36, 50 SMA 152.99, 100 SMA @ 149.17 and 200 SMA @ 146.19.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 156.36 |
| 1 | Daily SMA50 | 152.99 |
| 2 | Daily SMA100 | 149.17 |
| 3 | Daily SMA200 | 146.19 |
The previous day high was 156.62 while the previous day low was 155.87. The daily 38.2% Fib levels comes at 156.16, expected to provide support. Similarly, the daily 61.8% fib level is at 156.34, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 155.64, 155.38, 154.88
- Pivot resistance is noted at 156.39, 156.89, 157.15
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 156.62 |
| Previous Daily Low | 155.87 |
| Previous Weekly High | 156.67 |
| Previous Weekly Low | 153.43 |
| Previous Monthly High | 158.00 |
| Previous Monthly Low | 148.62 |
| Daily Fibonacci 38.2% | 156.16 |
| Daily Fibonacci 61.8% | 156.34 |
| Daily Pivot Point S1 | 155.64 |
| Daily Pivot Point S2 | 155.38 |
| Daily Pivot Point S3 | 154.88 |
| Daily Pivot Point R1 | 156.39 |
| Daily Pivot Point R2 | 156.89 |
| Daily Pivot Point R3 | 157.15 |
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