EUR/JPY bounces off 142.50 level

Source: Dukascopy Bank SA


At midnight to Friday, the EUR/JPY currency pair shortly tested the mid-September low level zone's resistance at 142.35/142.65, before a decline started. By the middle of Friday's trading, the pair had reached the 141.00 level.

A move below 141.00 is expected to look for support in the 140.50 level, the 50 and 200-hour simple moving averages and the weekly simple pivot point at 140.58. Further below, the 140.00 and 139.50 levels might slow down a decline.

On the other hand, a surge would have to once again face the 142.35/142.65 zone, the 142.50 level and the weekly R1 simple pivot point at 142.49. Higher above, note that round exchange rate levels might act as resistance.
Back to articles

Actual Topics

Fri, 30 Sep 2022 14:14:48 GMT

AUD/USD trades sideways

The AUD/USD pair trades between the resistance at 0.6510/0.6530 and support of the weekly S1 simple pivot point at 0.6449 and the 0.6450 level. Meanwhile, the rate was ignoring the 50 and 100-hour simple moving averages. A move below 0.6550 would most likely result in the pair looking for support in the weekly S2 simple pivot point at 0.6362. Further below,

Fri, 30 Sep 2022 11:03:43 GMT

Gold recovery reaches 1,675.00

The support of the 100-hour simple moving average was enough to cause a surge of the price for gold. During the early hours of Friday's trading, the commodity price had almost reached the 1,675.00 level. A move higher above might encounter resistance in the mid-September resistance zones near 1,680.00 and 1,685.00. Higher above, the 1,700.00 mark is highly On the

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.