EUR/JPY declines below 137.50

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


Last week, the EUR/JPY currency pair failed to pass the resistance of the 140.00 mark. Afterwards, a decline started, which by the middle of Monday's European trading hours had reached the 137.20 level.

In regards to the near term future, a potential decline of the pair would most likely look for support in the 136.90/137.10 zone and the weekly S1 simple pivot point at 136.79. Further below, note that round exchange rate levels might stop a decline, before the weekly S2 at 134.85 is reached.

On the other hand, a recovery of the Euro, compared to the Japanese Yen, might encounter resistance in the 200-hour simple moving average near 137.80 and the 138.00 mark. Higher above, note the 138.30/138.85 zone, which is strengthened by the weekly simple pivot point and the 50 and 100-hour simple moving averages.
Back to articles

Actual Topics

Mon, 25 Apr 2022 09:52:40 GMT

AUD/USD plummets below March low level

The resistance zone at 0.7450 was strong enough to cause a sharp decline of the AUD/USD pair below all noteworthy support levels. The rate sharply plummeted, as by April 25 the rate had reached the 0.7150 level. By doing so, the rate had passed below the March low level at 0.7170. A continuation of the decline of the pair would have

Fri, 22 Apr 2022 06:26:37 GMT

Gold continues to trade in previous range

The situation on the chart for gold has not changed. Gold continues to find support in the 1,940.00 mark and resistance is provided by the 1,955.00 level and a zone above it. Previous analysis remains relevant. In the near term future, a potential decline of the price for gold might look for support in the 1,940.00, 1,930.00 and 1,920.00 levels, before

Subscribe to "Fundamental Analysis" feed

Souscrire
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.