The EURJPY exchange rate decreases further from 155.985 to the 156.00 area following Monday’s decline.
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- EUR/JPY adds to Monday’s decline to the 156.00 zone.
The pair currently trades last at 155.985.
The previous day high was 157.8 while the previous day low was 156.24. The daily 38.2% Fib levels comes at 156.84, expected to provide resistance. Similarly, the daily 61.8% fib level is at 157.21, expected to provide resistance.
EUR/JPY retreats for the second session in a row on Tuesday, this time revisiting the 156.00 neighbourhood.
While further correction cannot be ruled out for the time being, the cross continues to target the 2023 highs around 158.00. Once cleared, the cross could embark on a move to the round level at 160.00.
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 146.32.
Technical Levels: Supports and Resistances
EURJPY currently trading at 156.08 at the time of writing. Pair opened at 156.53 and is trading with a change of -0.29 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 156.08 |
| 1 | Today Daily Change | 89.00 |
| 2 | Today Daily Change % | -0.29 |
| 3 | Today daily open | 156.53 |
The pair is trading below its 20 Daily moving average @ 156.42, above its 50 Daily moving average @ 153.37 , above its 100 Daily moving average @ 149.42 and above its 200 Daily moving average @ 146.31
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 156.42 |
| 1 | Daily SMA50 | 153.37 |
| 2 | Daily SMA100 | 149.42 |
| 3 | Daily SMA200 | 146.31 |
The previous day high was 157.8 while the previous day low was 156.24. The daily 38.2% Fib levels comes at 156.84, expected to provide resistance. Similarly, the daily 61.8% fib level is at 157.21, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 155.91, 155.3, 154.35
- Pivot resistance is noted at 157.47, 158.42, 159.03
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 157.80 |
| Previous Daily Low | 156.24 |
| Previous Weekly High | 158.05 |
| Previous Weekly Low | 154.88 |
| Previous Monthly High | 158.00 |
| Previous Monthly Low | 148.62 |
| Daily Fibonacci 38.2% | 156.84 |
| Daily Fibonacci 61.8% | 157.21 |
| Daily Pivot Point S1 | 155.91 |
| Daily Pivot Point S2 | 155.30 |
| Daily Pivot Point S3 | 154.35 |
| Daily Pivot Point R1 | 157.47 |
| Daily Pivot Point R2 | 158.42 |
| Daily Pivot Point R3 | 159.03 |
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