EUR/JPY decline reaches 133.50

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Source: Dukascopy Bank SA


At mid-day on Tuesday, the decline of the Euro against the Japanese Yen hit the 133.50 level, which acted as support. The decline has been ongoing with round exchange rate levels managing to act as support and resistance.

If the pair continues to decline, the 133.00 and 132.50 levels are set to act as support. On the other hand, note that the 134.50 level has acted as resistance and might slow down a recovery.

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