The EURJPY pair rises to its highest level in multiple sessions, approaching the level of 158.50.
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- EUR/JPY climbs to multi-session tops near 158.50.
The pair currently trades last at 158.264.
The previous day high was 158.28 while the previous day low was 157.58. The daily 38.2% Fib levels comes at 158.01, expected to provide support. Similarly, the daily 61.8% fib level is at 157.85, expected to provide support.
EUR/JPY extends the weekly recovery to the area further north of the 158.00 barrier on Wednesday.
In the meantime, the cross remains stuck within the consolidative range and the breakout of it exposes a visit to the so far monthly high of 158.65 (September 13) prior to the 2023 top at 159.76 (August 30), which precedes 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 148.90.
Technical Levels: Supports and Resistances
EURJPY currently trading at 158.28 at the time of writing. Pair opened at 157.9 and is trading with a change of 0.24 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 158.28 |
| 1 | Today Daily Change | 67.00 |
| 2 | Today Daily Change % | 0.24 |
| 3 | Today daily open | 157.90 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 158.01, 50 SMA 157.33, 100 SMA @ 154.64 and 200 SMA @ 148.88.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 158.01 |
| 1 | Daily SMA50 | 157.33 |
| 2 | Daily SMA100 | 154.64 |
| 3 | Daily SMA200 | 148.88 |
The previous day high was 158.28 while the previous day low was 157.58. The daily 38.2% Fib levels comes at 158.01, expected to provide support. Similarly, the daily 61.8% fib level is at 157.85, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 157.56, 157.23, 156.87
- Pivot resistance is noted at 158.26, 158.61, 158.95
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 158.28 |
| Previous Daily Low | 157.58 |
| Previous Weekly High | 158.66 |
| Previous Weekly Low | 156.58 |
| Previous Monthly High | 159.76 |
| Previous Monthly Low | 155.53 |
| Daily Fibonacci 38.2% | 158.01 |
| Daily Fibonacci 61.8% | 157.85 |
| Daily Pivot Point S1 | 157.56 |
| Daily Pivot Point S2 | 157.23 |
| Daily Pivot Point S3 | 156.87 |
| Daily Pivot Point R1 | 158.26 |
| Daily Pivot Point R2 | 158.61 |
| Daily Pivot Point R3 | 158.95 |
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