On Thursday, the EURJPY pair made significant gains exceeding 158.00, reaching a new peak at 158.856.
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- EUR/JPY climbs to fresh highs well past 158.00 on Thursday.
The pair currently trades last at 158.856.
The previous day high was 157.9 while the previous day low was 156.91. The daily 38.2% Fib levels comes at 157.52, expected to provide support. Similarly, the daily 61.8% fib level is at 157.29, expected to provide support.
EUR/JPY extends the advance for the fifth consecutive session and finally surpasses the key 158.00 hurdle to print new peaks in levels last seen in September 2008 around 158.90.
So far, the continuation of the upside momentum appears likely with an immediate target emerging at he round level of 160.00 in the short-term horizon. The breakout of the latter should not see any resistance level of note until the 2008 high at 169.96 (July 23)
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 146.92.
Technical Levels: Supports and Resistances
EURJPY currently trading at 158.82 at the time of writing. Pair opened at 157.75 and is trading with a change of 0.68 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 158.82 |
| 1 | Today Daily Change | 134.00 |
| 2 | Today Daily Change % | 0.68 |
| 3 | Today daily open | 157.75 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 156.18, 50 SMA 154.95, 100 SMA @ 151.02 and 200 SMA @ 146.88.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 156.18 |
| 1 | Daily SMA50 | 154.95 |
| 2 | Daily SMA100 | 151.02 |
| 3 | Daily SMA200 | 146.88 |
The previous day high was 157.9 while the previous day low was 156.91. The daily 38.2% Fib levels comes at 157.52, expected to provide support. Similarly, the daily 61.8% fib level is at 157.29, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 157.14, 156.54, 156.16
- Pivot resistance is noted at 158.13, 158.51, 159.12
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 157.90 |
| Previous Daily Low | 156.91 |
| Previous Weekly High | 157.50 |
| Previous Weekly Low | 155.11 |
| Previous Monthly High | 158.05 |
| Previous Monthly Low | 151.41 |
| Daily Fibonacci 38.2% | 157.52 |
| Daily Fibonacci 61.8% | 157.29 |
| Daily Pivot Point S1 | 157.14 |
| Daily Pivot Point S2 | 156.54 |
| Daily Pivot Point S3 | 156.16 |
| Daily Pivot Point R1 | 158.13 |
| Daily Pivot Point R2 | 158.51 |
| Daily Pivot Point R3 | 159.12 |
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