#EURJPY @ 160.526 jumps to new 2023 highs past 160.00.
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- EUR/JPY jumps to new 2023 highs past 160.00.
The pair currently trades last at 160.526.
The previous day high was 158.93 while the previous day low was 157.7. The daily 38.2% Fib levels comes at 158.46, expected to provide support. Similarly, the daily 61.8% fib level is at 158.17, expected to provide support.
EUR/JPY jumps to new YTD peaks well north of the 160.00 hurdle on Tuesday, an area last traded in late August 2008.
Further upside appears well on the cards for the cross in the short-term horizon. Against that, the surpass of the 2023 high of 160.84 (October 31) should face the next significant resistance level not before the 2008 top of 169.96 (July 23)
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 151.35.
Technical Levels: Supports and Resistances
EURJPY currently trading at 160.62 at the time of writing. Pair opened at 158.14 and is trading with a change of 1.57 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 160.62 |
| 1 | Today Daily Change | 275.00 |
| 2 | Today Daily Change % | 1.57 |
| 3 | Today daily open | 158.14 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 157.94, 50 SMA 157.92, 100 SMA @ 157.17 and 200 SMA @ 151.3.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 157.94 |
| 1 | Daily SMA50 | 157.92 |
| 2 | Daily SMA100 | 157.17 |
| 3 | Daily SMA200 | 151.30 |
The previous day high was 158.93 while the previous day low was 157.7. The daily 38.2% Fib levels comes at 158.46, expected to provide support. Similarly, the daily 61.8% fib level is at 158.17, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 157.58, 157.03, 156.36
- Pivot resistance is noted at 158.82, 159.49, 160.04
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 158.93 |
| Previous Daily Low | 157.70 |
| Previous Weekly High | 159.92 |
| Previous Weekly Low | 157.88 |
| Previous Monthly High | 158.66 |
| Previous Monthly Low | 156.58 |
| Daily Fibonacci 38.2% | 158.46 |
| Daily Fibonacci 61.8% | 158.17 |
| Daily Pivot Point S1 | 157.58 |
| Daily Pivot Point S2 | 157.03 |
| Daily Pivot Point S3 | 156.36 |
| Daily Pivot Point R1 | 158.82 |
| Daily Pivot Point R2 | 159.49 |
| Daily Pivot Point R3 | 160.04 |
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