EUR/JPY reaches 129.00 level

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


At mid-day on Wednesday, the EUR/JPY currency exchange rate broke the resistance of the zone at 128.20/128.35 and the weekly R1 simple pivot point at 128.35. Afterwards, the pair reached the 129.00 mark and tested its resistance up to midnight to Thursday. On Thursday morning, the pair declined and looked for support at the 128.20/128.35 zone. Note that the zone has been reached by the additional support of the 50-hour simple moving average.

In the case that the rate recovers, it could once again test the resistance of the 129.00 level. Above the 129.00 mark, the weekly R2 simple pivot point at 129.31 might stop a surge. Higher above, note the resistance of the 129.50 level and previous high level zone above it.

On the other hand, a passing of the weekly R1, 50-hour SMA and the 129.20/129.35 zone would highly likely result in the pair looking for support in the 200-hour SMA at 128.10. Further below, the weekly simple pivot point at 127.91 might act as support.
Back to articles

Actual Topics

Thu, 09 Dec 2021 09:52:10 GMT

AUD/USD reaches new December high level

The AUD/USD currency exchange rate has reached above the previous December high level zone at 0.7170/0.7173. However, the event was not followed by a follow up surge. Instead the rate began to consolidate by trading sideways between the 0.7160 and 0.7180 levels. If the pair resumes its surge, it could do so due to the approaching support of the 50-hour simple

Wed, 08 Dec 2021 11:15:34 GMT

Gold breaks resistance levels

On Tuesday, the yellow metal's price passed the resistance of the 200-hour simple moving average. On Wednesday, the commodity reached above the upper trend line of the channel down pattern, which had guided the metal since last week. If the bullion's price continues to surge, it would most likely test the resistance of the 1,800.00 mark and the upper trend

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.