EUR/JPY declines below 128.50

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


On Tuesday morning, the EUR/JPY currency exchange rate passed below the 128.50 mark and approached the support zone of the January low levels. However, take into account that the zone was pierced on February 24.

A move below the low level zone could look for support in the 128.00 mark, which acted as support on February 24. Below the round exchange rate level note the weekly S1 simple pivot point at 127.80. Further below, the 127.00 mark and the lower trend line of the February channel down pattern might act as support.

However, a recovery of the Euro against the Japanese Yen might find resistance in the 128.50 and 129.00 levels, before approaching the 50-hour simple moving average near 129.20 and the weekly simple pivot point at 129.36.
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Tue, 01 Mar 2022 10:34:42 GMT

AUD/USD pierces February high level

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