EUR/JPY recovery approaches 137.00 level

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Since late Wednesday's trading, the EUR/JPY currency exchange rate was trading near one of the March high levels near 136.84. Meanwhile, on Thursday morning, the 136.50 level was acting as support.

If the currency pair surges higher, the 137.00 mark is expected to act as resistance. Higher above, note the weekly R3 simple pivot point at 137.18 and the March high levels at 137.31 and 137.54.

On the other hand, a decline is set to find support in the combination of the 136.50 mark and the weekly R2 simple pivot point at 136.43 together with the 50-hour simple moving average. Further below, note the 100-hour simple moving average at 136.10, the 136.00 mark and the weekly R1 simple pivot point at 135.79.
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Thu, 14 Apr 2022 07:50:07 GMT

AUD/USD once again bounces off 0.7400

On Wednesday, the AUD/USD found support in the 0.7400 mark and started another short term recovery. On Thursday, the pair traded almost flat near the 0.7450 mark. If the rate continues to surge, it would encounter resistance in the zone at 0.7490/0.7495 and the 100-hour simple moving average. Higher above, note the 0.7500 mark and the weekly simple pivot point

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