EUR/JPY bounces off resistance

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


During late hours of Tuesday's trading hours, the EUR/JPY currency pair encountered resistance in the 136.50/136.70 zone. Afterwards, a decline followed, which by the middle of Wednesday's European trading hours had reached the 135.550 level and the 50-hour simple moving average.

If the Euro continues to decline, compared to the Japanese Yen, the currency pair might look for support in the combination of technical levels near 134.75/135.16. In that range the weekly simple pivot point, the 135.00 mark, a high and low level zone and the 100-hour simple moving averages are located at. Further below, the May 12 low levels at 132.65/132.80 could stop a potential decline.

Meanwhile, a move higher of the currency pair would have to pass the 136.50/136.70 zone, before testing the 137.00 and 137.50 levels and the weekly R1 simple pivot point at 137.67.
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Wed, 18 May 2022 09:09:17 GMT

AUD/USD trades near high levels

The AUD/USD failed to reach the 0.7050 mark, as resistance was encountered in the 0.7040 level. Afterwards, a decline followed, which appeared to be finding support in the 0.7000 level. Since the middle of Tuesday, up to mid-Wednesday, the pair fluctuated in the 0.7000/0.7040 range. If the Australian Dollar resumes its surge against the USD, the pair would have to pass

Tue, 17 May 2022 14:06:52 GMT

Gold recovers to 1,830.00

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