EUR/JPY breaks pattern

Source: Dukascopy Bank SA


The EUR/JPY currency exchange rate passed the support of the channel up pattern, which had guided the rate since December 19. On Monday morning, the rate bounced off the resistance of the 131.40 level and declined to the 131.00 mark. At the 131.00 mark, the rate was finding support in the 50-hour simple moving average and the weekly simple pivot point.

A passing below the 131.00 mark could result in the pair looking for support in the 200-hour simple moving average near 130.75. Further below, the weekly S1 simple pivot point was located at 130.40.

On the other hand, a surge of the rate might aim at the 131.40 mark, before reaching the 131.60 level, which acted as resistance on January 5.
Back to articles

Actual Topics

Mon, 10 Jan 2022 10:14:15 GMT

AUD/USD surges to 0.7200

On Monday morning, the AUD/USD currency exchange rate reached the 0.7200 mark and the weekly simple pivot point at 0.7197. Meanwhile, the rate shortly found support in the 0.7180 mark and the 50-hour simple moving average near 0.7170. If the currency pair surges above the 0.7200 mark, the 200-hour simple moving average near 0.7220 might act as resistance. Higher above, the

Fri, 07 Jan 2022 14:07:26 GMT

Gold reaches below 1,785.00

On Friday, at 13:30 GMT, the price for Gold increased volatility due to the US monthly employment data showing contradicting information, as less jobs were found, salaries rose and unemployment rate decreased. The price for gold fluctuated between the 1,785.00 and 1,795.00 levels. However, both resistance and support were shortly pierced, indicating at their weakness. After the release, the price for

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.