EUR/JPY trades at high levels

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


In the expectations of European Central Bank starting monetary tightening the EUR/JPY currency rate hit a new seven-and-half year high level at 144.22. However, prior to the ECB monetary policy statement, the EUR/JPY retraced to the 50-hour simple moving average near 142.85.

If the Euro resumes its surge against the Japanese Yen, the rate should encounter resistance in the 144.00 and 145.00 levels, before approaching the weekly R3 simple pivot point at 145.72. However, note that a fundamental adjustment to the ECB announcement is highly likely set to ignore technical levels.

On the other hand, a decline of the pair could look for support in the combination of the 100-hour simple moving average, weekly S1 simple pivot point and the 142.00 mark in the 141.60/142.00 zone.
Back to articles

Actual Topics

Thu, 09 Jun 2022 09:56:18 GMT

AUD/USD trades in triangle

The AUD/USD has been trading in a descending triangle pattern throughout this week. Namely, a resistance line is connecting the lower and lower high levels. Meanwhile, support is being found in the zone, which surrounds the 0.7160 level. On Thursday morning, the pair was finding support in the 0.7160 level. If the rate surges, it would have to pass the

Wed, 08 Jun 2022 14:05:47 GMT

Gold remains near 1,850.00

Throughout this week, the price for gold has fluctuated in the 1,837.00/1,858.00 zone. On Wednesday, the price was mostly fluctuating in the 1,845.00/1,855.00 range. Namely, the price bounced around the 1,850.00 mark in a ten USD range. In the case that the commodity price surges, round price levels are set to act as resistance. The 1,865.00, 1,870.00 and 1,875.00 levels could

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.