EUR/JPY finds support in 136.50

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


On Friday, the EUR/JPY currency exchange rate declined and found support in the combination of the 136.50 mark and the 100-hour simple moving average. Afterwards, a short lived recovery to the 200-hour SMA and the 137.60 level occurred. By the middle of Monday's trading, the rate appeared to be heading back down to the 136.50 level.

A move below the 136.50 level might look for support in the 136.00 mark, before reaching the 134.80/135.10 zone.

Meanwhile, a potential surge is expected to encounter resistance in the 138.00 level.
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