The EURJPY pair, currently trading at 157.602, is able to attract more buyers again after surpassing the 157.00 level.
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- EUR/JPY manages to regain some buying interest above 157.00.
The pair currently trades last at 157.602.
The previous day high was 158.42 while the previous day low was 156.64. The daily 38.2% Fib levels comes at 157.32, expected to provide support. Similarly, the daily 61.8% fib level is at 157.74, expected to provide resistance.
EUR/JPY reverses two consecutive daily pullbacks and advances north of the 157.00 yardstick at the end of the week.
In the meantime, the cross continues to face some side-lined trading prior to a potential resumption of the uptrend. That said, a minor hurdle emerges at the so far monthly high of 158.65 (September 13) ahead of the 2023 top at 159.76 (August 30) and before 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 148.70.
Technical Levels: Supports and Resistances
EURJPY currently trading at 157.57 at the time of writing. Pair opened at 156.96 and is trading with a change of 0.39 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 157.57 |
| 1 | Today Daily Change | 102.00 |
| 2 | Today Daily Change % | 0.39 |
| 3 | Today daily open | 156.96 |
The pair is trading below its 20 Daily moving average @ 158.13, above its 50 Daily moving average @ 157.18 , above its 100 Daily moving average @ 154.42 and above its 200 Daily moving average @ 148.68
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 158.13 |
| 1 | Daily SMA50 | 157.18 |
| 2 | Daily SMA100 | 154.42 |
| 3 | Daily SMA200 | 148.68 |
The previous day high was 158.42 while the previous day low was 156.64. The daily 38.2% Fib levels comes at 157.32, expected to provide support. Similarly, the daily 61.8% fib level is at 157.74, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 156.26, 155.56, 154.48
- Pivot resistance is noted at 158.04, 159.12, 159.82
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 158.42 |
| Previous Daily Low | 156.64 |
| Previous Weekly High | 158.52 |
| Previous Weekly Low | 157.00 |
| Previous Monthly High | 159.76 |
| Previous Monthly Low | 155.53 |
| Daily Fibonacci 38.2% | 157.32 |
| Daily Fibonacci 61.8% | 157.74 |
| Daily Pivot Point S1 | 156.26 |
| Daily Pivot Point S2 | 155.56 |
| Daily Pivot Point S3 | 154.48 |
| Daily Pivot Point R1 | 158.04 |
| Daily Pivot Point R2 | 159.12 |
| Daily Pivot Point R3 | 159.82 |
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