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On Wednesday morning, the EUR/JPY currency exchange rate declined below the support of the 50 and 100-hour simple moving averages and reached the 135.50 level.
A move below the 135.50 level could look for support in the 200-hour simple moving average near 135.30 and the weekly simple pivot point at 135.14. Further below, take into account the late May low level zones at 134.55/134.75 and 133.92/134.07.
On the other hand, a recovery of the Euro against the Japanese Yen would once again test the resistance of the high level zone at 136.50/136.75 and the weekly R1 simple pivot point in it.
Wed, 25 May 2022 09:05:51 GMT
Source: Dukascopy Bank SA
On Wednesday morning, the EUR/JPY currency exchange rate declined below the support of the 50 and 100-hour simple moving averages and reached the 135.50 level.
A move below the 135.50 level could look for support in the 200-hour simple moving average near 135.30 and the weekly simple pivot point at 135.14. Further below, take into account the late May low level zones at 134.55/134.75 and 133.92/134.07.
On the other hand, a recovery of the Euro against the Japanese Yen would once again test the resistance of the high level zone at 136.50/136.75 and the weekly R1 simple pivot point in it.