Note: This section contains information in English only.
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.
Thu, 05 May 2022 09:43:20 GMT
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.