The EURJPY at a rate of 157.451 ends a three-day period of upward movement and declines to 157.50.
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- EUR/JPY halts a three-day positive streak and drops to 157.50.
The pair currently trades last at 157.451.
The previous day high was 158.47 while the previous day low was 157.78. The daily 38.2% Fib levels comes at 158.21, expected to provide resistance. Similarly, the daily 61.8% fib level is at 158.04, expected to provide resistance.
EUR/JPY comes under some marked selling pressure and recedes to the area of weekly lows in the mid-157.00s.
In the meantime, the cross could move into a consolidative phase ahead of the potential resumption of the uptrend. That said, immediate hurdle emerges at the recent 2023 peak at 159.76 (August 30) prior to 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 148.33.
Technical Levels: Supports and Resistances
EURJPY currently trading at 157.5 at the time of writing. Pair opened at 158.4 and is trading with a change of -0.57 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 157.50 |
| 1 | Today Daily Change | 109.00 |
| 2 | Today Daily Change % | -0.57 |
| 3 | Today daily open | 158.40 |
The pair is trading below its 20 Daily moving average @ 158.45, above its 50 Daily moving average @ 157.12 , above its 100 Daily moving average @ 153.8 and above its 200 Daily moving average @ 148.24
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 158.45 |
| 1 | Daily SMA50 | 157.12 |
| 2 | Daily SMA100 | 153.80 |
| 3 | Daily SMA200 | 148.24 |
The previous day high was 158.47 while the previous day low was 157.78. The daily 38.2% Fib levels comes at 158.21, expected to provide resistance. Similarly, the daily 61.8% fib level is at 158.04, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 157.96, 157.52, 157.27
- Pivot resistance is noted at 158.66, 158.91, 159.35
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 158.47 |
| Previous Daily Low | 157.78 |
| Previous Weekly High | 159.76 |
| Previous Weekly Low | 157.06 |
| Previous Monthly High | 159.76 |
| Previous Monthly Low | 155.53 |
| Daily Fibonacci 38.2% | 158.21 |
| Daily Fibonacci 61.8% | 158.04 |
| Daily Pivot Point S1 | 157.96 |
| Daily Pivot Point S2 | 157.52 |
| Daily Pivot Point S3 | 157.27 |
| Daily Pivot Point R1 | 158.66 |
| Daily Pivot Point R2 | 158.91 |
| Daily Pivot Point R3 | 159.35 |
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