EUR/JPY tests resistance zone

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


Since the start of this week's trading, the EUR/JPY currency exchange rate has been testing the resistance of the 134.28/134.42 zone. Meanwhile, during early Monday's trading, the 134.00 mark acted as support.

A decline of the Euro against the Japanese Yen below the 134.00 mark and the 50-hour simple moving average would look for support in the 133.50 level. Further below, the last week's low level zone at 132.65/132.80 could stop a decline.

On the other hand, a breaking of the 134.28/134.42 zone might encounter resistance in the weekly simple pivot point at 135.16, before reaching the 135.50 level and the 100-hour simple moving average. Above these levels, note the 136.00 mark and the 136.50 level together with the 200-hour simple moving average.
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