EUR/JPY surge ends at 133.90

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


The EUR/JPY currency pair's Tuesday's surged ended just before midnight GMT hours, as the pair bounced off the 133.90 level. By the middle of the day's European trading hours, the pair had retraced to the 133.00 mark and the weekly R1 simple pivot point at 133.07.

If the pair finds enough support in the 133.00 mark to resume its recovery, the rate might test the resistance of the 133.90/134.00 zone. Further above, note the weekly R2 simple pivot point at 134.43.

Meanwhile, a decline below the 133.00 level might look for support in the 50-hour simple moving average near 132.60. Below the moving average, the 132.50 mark could act as support, before the pair approaches the 132.00 level and the trend line, which connects the last week's low levels.
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