The EURJPY exchange rate, currently at 158.763, is losing some of the gains achieved on Monday.
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- EUR/JPY now partially fades Monday’s strong advance.
The pair currently trades last at 158.763.
The previous day high was 159.4 while the previous day low was 157.8. The daily 38.2% Fib levels comes at 158.79, expected to provide resistance. Similarly, the daily 61.8% fib level is at 158.41, expected to provide support.
EUR/JPY now faces some renewed downside pressure and erodes part of the strong gains recorded at the beginning of the week.
So far, the emergence of some consolidation seems probable in the very near term ahead of the continuation of the upside. That said, the immediate target remains at the round level of 160.00.
The surpass 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 147.45.
Technical Levels: Supports and Resistances
EURJPY currently trading at 158.73 at the time of writing. Pair opened at 159.32 and is trading with a change of -0.37 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 158.73 |
| 1 | Today Daily Change | 97.00 |
| 2 | Today Daily Change % | -0.37 |
| 3 | Today daily open | 159.32 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 157.24, 50 SMA 156.41, 100 SMA @ 152.29 and 200 SMA @ 147.42.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 157.24 |
| 1 | Daily SMA50 | 156.41 |
| 2 | Daily SMA100 | 152.29 |
| 3 | Daily SMA200 | 147.42 |
The previous day high was 159.4 while the previous day low was 157.8. The daily 38.2% Fib levels comes at 158.79, expected to provide resistance. Similarly, the daily 61.8% fib level is at 158.41, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 158.28, 157.24, 156.68
- Pivot resistance is noted at 159.88, 160.44, 161.47
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 159.40 |
| Previous Daily Low | 157.80 |
| Previous Weekly High | 159.34 |
| Previous Weekly Low | 157.66 |
| Previous Monthly High | 158.05 |
| Previous Monthly Low | 151.41 |
| Daily Fibonacci 38.2% | 158.79 |
| Daily Fibonacci 61.8% | 158.41 |
| Daily Pivot Point S1 | 158.28 |
| Daily Pivot Point S2 | 157.24 |
| Daily Pivot Point S3 | 156.68 |
| Daily Pivot Point R1 | 159.88 |
| Daily Pivot Point R2 | 160.44 |
| Daily Pivot Point R3 | 161.47 |
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