EUR/JPY finds support in 128.00

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Source: Dukascopy Bank SA


The EUR/JPY currency exchange rate has been trading above the support of the 128.00 level since Monday's trading hours. Meanwhile, resistance was being provided by the weekly simple pivot point at 128.33 and the 50-hour simple moving average near 128.20.

If the pair declines below the 128.00 mark, it could look for support in the Friday low level at at 127.83. Further below, note a strong support zone at 127.40/127.66.

On the other hand, a surge of the rate would have to pass the resistance of the 50-hour SMA at 128.20, the weekly simple pivot point at 128.33 and the high levels near 128.45, before aiming at the 129.00 mark.
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Tue, 14 Dec 2021 08:49:56 GMT

AUD/USD finds support near 0.7100

On Tuesday morning, the decline of the AUD/USD found support below the 0.7100 mark. Namely, the 0.7091/0.7097 zone provided support for a recovery. By 09:00 GMT, the rate had reached above the 200-hour SMA at 0.7110 and the weekly simple pivot point at 0.7121. A continuation of the surge of the pair could encounter resistance in the 50-hour simple moving average

Fri, 10 Dec 2021 11:43:28 GMT

Gold continues to decline

In general, since mid-Thursday, the price for gold has been fluctuating between round price levels. Namely, the 1,780.00 mark acted as resistance and the 1,775.00 and 1,770.00 are acting as support. It can be expected that the bullion continues to be impacted by price levels. If the price continues to decline, it would eventually reach the December low levels at 1,762.20/1,763.80.

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