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On Wednesday, the resistance of the 135.50 mark held and the EUR/JPY pair declined. By the middle of Thursday's trading, the rate had passed the support of the 50-hour simple moving average, the 134.75 mark and was approaching the 134.50 level.
If the rate continues to decline, it might encounter support in the April low level at 134.30/134.35. Further below, take into account the 134.00 mark and the weekly S1 simple pivot point at 133.83.
However, a potential recovery of the Euro against the Japanese Yen would have to pass the 134.75 mark, the 50 and 200-hour simple moving averages and the March high level connecting trend line, before approaching the 135.50 level.
Thu, 07 Apr 2022 08:45:20 GMT
Source: Dukascopy Bank SA
On Wednesday, the resistance of the 135.50 mark held and the EUR/JPY pair declined. By the middle of Thursday's trading, the rate had passed the support of the 50-hour simple moving average, the 134.75 mark and was approaching the 134.50 level.
If the rate continues to decline, it might encounter support in the April low level at 134.30/134.35. Further below, take into account the 134.00 mark and the weekly S1 simple pivot point at 133.83.
However, a potential recovery of the Euro against the Japanese Yen would have to pass the 134.75 mark, the 50 and 200-hour simple moving averages and the March high level connecting trend line, before approaching the 135.50 level.