EURJPY @ 14765.0 -imp levels: Price Analysis: Extra gains remain on the cards near term
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- EUR/JPY extends further north of 137.00 its weekly recovery.
- Immediately to the upside comes the August high at 138.40.
The pair currently trades last at 14765.0.
The previous day high was 136.92 while the previous day low was 134.95. The daily 38.2% Fib levels comes at 136.17, expected to provide support. Similarly, the daily 61.8% fib level is at 135.7, expected to provide support.
EUR/JPY adds to Tuesday’s gains and reclaims the area beyond the 137.00 yardstick on Wednesday.
In case the recovery becomes more serious, then the cross should meet the next barrier at the 100-day SMA at 138.10 ahead of the more relevant August high at 138.39 (August 10).
While above the 200-day SMA, today at 133.98, the prospects for the pair should remain constructive.
Technical Levels: Supports and Resistances
EURJPY currently trading at 137.33 at the time of writing. Pair opened at 136.49 and is trading with a change of 0.62 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 137.33 |
| 1 | Today Daily Change | 110.00 |
| 2 | Today Daily Change % | 0.62 |
| 3 | Today daily open | 136.49 |
The pair is trading below its 20 Daily moving average @ 137.46, below its 50 Daily moving average @ 139.52 , below its 100 Daily moving average @ 138.12 and above its 200 Daily moving average @ 133.98
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 137.46 |
| 1 | Daily SMA50 | 139.52 |
| 2 | Daily SMA100 | 138.12 |
| 3 | Daily SMA200 | 133.98 |
The previous day high was 136.92 while the previous day low was 134.95. The daily 38.2% Fib levels comes at 136.17, expected to provide support. Similarly, the daily 61.8% fib level is at 135.7, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 135.32, 134.15, 133.35
- Pivot resistance is noted at 137.29, 138.09, 139.26
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 136.92 |
| Previous Daily Low | 134.95 |
| Previous Weekly High | 138.40 |
| Previous Weekly Low | 136.30 |
| Previous Monthly High | 142.43 |
| Previous Monthly Low | 135.55 |
| Daily Fibonacci 38.2% | 136.17 |
| Daily Fibonacci 61.8% | 135.70 |
| Daily Pivot Point S1 | 135.32 |
| Daily Pivot Point S2 | 134.15 |
| Daily Pivot Point S3 | 133.35 |
| Daily Pivot Point R1 | 137.29 |
| Daily Pivot Point R2 | 138.09 |
| Daily Pivot Point R3 | 139.26 |
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