The EURJPY pair has continued to rise above the 158.00 level after reaching 158.304.
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
- EUR/JPY extends the recovery beyond 158.00.
The pair currently trades last at 158.304.
The previous day high was 158.25 while the previous day low was 157.23. The daily 38.2% Fib levels comes at 157.86, expected to provide support. Similarly, the daily 61.8% fib level is at 157.62, expected to provide support.
EUR/JPY advances for the third session in a row and surpasses the 158.00 mark on Monday.
If the move higher gathers extra impulse, the cross should challenge recent 2023 peaks near 159.50 (August 22) ahead of the key round level at 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 147.70.
Technical Levels: Supports and Resistances
EURJPY currently trading at 158.28 at the time of writing. Pair opened at 158.1 and is trading with a change of 0.11 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 158.28 |
| 1 | Today Daily Change | 60.00 |
| 2 | Today Daily Change % | 0.11 |
| 3 | Today daily open | 158.10 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 157.82, 50 SMA 156.8, 100 SMA @ 152.85 and 200 SMA @ 147.68.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 157.82 |
| 1 | Daily SMA50 | 156.80 |
| 2 | Daily SMA100 | 152.85 |
| 3 | Daily SMA200 | 147.68 |
The previous day high was 158.25 while the previous day low was 157.23. The daily 38.2% Fib levels comes at 157.86, expected to provide support. Similarly, the daily 61.8% fib level is at 157.62, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 157.47, 156.84, 156.46
- Pivot resistance is noted at 158.48, 158.87, 159.5
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 158.25 |
| Previous Daily Low | 157.23 |
| Previous Weekly High | 159.49 |
| Previous Weekly Low | 156.87 |
| Previous Monthly High | 158.05 |
| Previous Monthly Low | 151.41 |
| Daily Fibonacci 38.2% | 157.86 |
| Daily Fibonacci 61.8% | 157.62 |
| Daily Pivot Point S1 | 157.47 |
| Daily Pivot Point S2 | 156.84 |
| Daily Pivot Point S3 | 156.46 |
| Daily Pivot Point R1 | 158.48 |
| Daily Pivot Point R2 | 158.87 |
| Daily Pivot Point R3 | 159.50 |
[/s2If]
Download Nehcap EAWe have two EAs that are operational on our LIVE accounts.
- EA-FIX: Check out the details here. Download EA-FIX . EA-FIX is a non-grid HFT scalper.
- EA-GROWTH: High quality low dd EA using trend grids. Download EA_GROWTHJoin Our Telegram Group
