EUR/JPY tests 137.50 mark

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


On Thursday morning, the EUR/JPY currency pair approached the 137.50 level, which was then observed to be acting as resistance to the currency pair.

A move above the 137.50 level could encounter resistance in the 137.95/138.00 zone. The zone acted as resistance on April 28 and 29 and caused the most recent decline to the 136.50 mark. Above the resistance zone take into account the 138.50 and 139.00 levels.

Meanwhile, a potential decline of the currency pair might look for support in the combination of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point near the 137.00 level. However, these levels were mostly ignored during this week's trading. Due to that reason it is assumed that support could be found in the 136.50/136.60 zone.
Back to articles

Actual Topics

Thu, 05 May 2022 10:09:57 GMT

AUD/USD jumped due to Federal Reserve

As the head of the US Federal Reserve Jerome Powell stated that the Fed is not considering 0.75% interest rate hikes, the value of the US Dollar plummeted. On the AUD/USD currency exchange rate charts the event resulted in a jump from 0.7126 up to 0.7266. On Monday morning, the pair started a decline, as it bounced off the 0.7266

Wed, 04 May 2022 19:50:05 GMT

Gold recovers to 1,890.00

On Wednesday, the comments made at the Federal Reserve press conference by the Chairman Jerome Powell caused a drop of the US Dollar's value. On gold price charts it resulted in a move above a resistance zone at 1,872.00/1,878.00 up to the 1,890.00 level. If the price for gold continues to recover, it might encounter resistance in the 1,900.00 mark and

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.