EUR/JPY remains below 138.00

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Source: Dukascopy Bank SA


Since the middle of Thursday's trading hours, the EUR/JPY currency exchange rate has been fluctuating between the support of the 137.00 level and resistance at 138.00.

A move above the 138.00 level might encounter resistance in the weekly simple pivot point at 138.39 and the 138.50 mark. Higher above, take into account the 139.00 and 139.50 levels, and the August high level at 140.00.

Meanwhile, a decline of the Euro against the Japanese Yen would look for support in the 137.00 mark and the technical levels that are spread out in the 136.50/136.80 zone. In that zone the 50 and 100-hour simple moving averages and the weekly S1 simple pivot point are located at.
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