EUR/JPY looks for support

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


On Wednesday morning, the EUR/JPY currency exchange rate ascended to the 137.50 mark and bounced off it to retreat to the support of the 137.05/137.12 zone.

If the pair declines below the 137.05/137.12 zone, the rate could look for support in the weekly S1 simple pivot point at 136.72, before reaching the 136.50/136.60 zone. Meanwhile, take into account that the 137.00 mark might also act as support.

On the other hand, a surge above the 137.50 mark and the 50 and 100-hour simple moving averages is expected to encounter resistance in the 138.00 mark and the weekly R1 simple pivot point at 138.35. Note that the rate ignored the SMAs prior to mid-Tuesday.
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Wed, 11 May 2022 08:02:04 GMT

AUD/USD reveals support and resistance

Prior to the release of the US Consumer Price Index on Wednesday at 12:30 GMT, the AUD/USD currency pair traded sideways. The sideways trading took place from the start of Tuesday up to the middle of Wednesday's trading. Support was being provided by the 0.6910/0.6920 zone and resistance was located at 0.6980/0.6990. If the currency pair passes above the resistance zone

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