EUR/JPY reaches 134.00

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


The EUR/JPY decline eventually found support in he 134.00 mark. At midnight to Thursday, the pair started a recovery, which retraced to the combined resistance of the 135.50 mark and the 50-hour simple moving average.

A decline from the 135.50 mark would look for support in the 134.00 mark and other round exchange rate levels, before the May 12 low levels at 132.65/132.80 are reached.

On the other hand, a surge of the Euro against the Japanese Yen is set to face the resistance of the 200-hour simple moving average. Afterwards, the Tuesday's high level zone at 136.50/136.70 might stop a surge.
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