#EURJPY @ 135.783 -imp levels: extends the leg lower well below 136.00.

…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE and login below to read further [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]

• EUR/JPY extends the leg lower well below 136.00.
• Initial support comes at the weekly low at 134.94.

The pair currently trades last at 135.783.

The previous day high was 137.06 while the previous day low was 135.73. The daily 38.2% Fib levels comes at 136.24, expected to provide resistance. Similarly, the daily 61.8% fib level is at 136.55, expected to provide resistance.

EUR/JPY loses ground for the third session in a row, this time breaking below the support at the 136.00 level.

Extra weakness now appears in store for the cross, with the immediate support at the weekly low at 134.94 (August 16). The loss of this level should expose a deeper pullback to the 200-day SMA, today at 134.15.

While above the latter, the prospects for the pair should remain constructive.

Technical Levels: Supports and Resistances

EURJPY currently trading at 135.78 at the time of writing. Pair opened at 136.37 and is trading with a change of -0.43 % .

The pair is trading below its 20 Daily moving average @ 136.81, below its 50 Daily moving average @ 139.04 , below its 100 Daily moving average @ 138.22 and above its 200 Daily moving average @ 134.15

The previous day high was 137.06 while the previous day low was 135.73. The daily 38.2% Fib levels comes at 136.24, expected to provide resistance. Similarly, the daily 61.8% fib level is at 136.55, expected to provide resistance.

Note the levels of interest below:

• Pivot support is noted at 135.71, 135.05, 134.38
• Pivot resistance is noted at 137.05, 137.72, 138.38

[/s2If]
Join Our Telegram Group