EUR/JPY hits 140.00 level

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


On Wednesday, the EUR/JPY found support in the 138.50 mark, before starting a surge. By the middle of Thursday's trading, the pair had reached the 140.00 mark, which acted as resistance. In addition, the Tuesday's high level zone at 139.60/139.70 appeared to be acting as support.

If the Euro continues to surge against the Japanese Yen, the pair might encounter resistance in the 140.50 and 141.00 levels. There is no technical resistance above the pair, as it passed the third retracement of the weekly simple pivot points already on Tuesday.

However, a decline of the pair might find support in the 139.60/139.70 zone, the weekly R3 simple pivot point at 139.37, the 50-hour simple moving average near 139.00 and the large zone at 138.30/138.85.
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