EUR/JPY fails to reach new high

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


The EUR/JPY was highly volatile in the aftermath of the ECB monetary policy statement release. The volatility calmed down and the rate began a decline, which continued into Friday. During the morning hours of Friday's trading, the pair declined below the 142.00 level.

If the Euro continues to decline against the Japanese Yen, the currency pair could look for support first in the weekly R1 simple pivot point at 141.61 and the 141.50 mark. Further below, take into account the 141.00 and 140.50 levels, and the 200-hour simple moving average.

On the other hand, a recovery of the rate is set to encounter resistance in the combination of the 143.00 mark, the weekly R2 simple pivot point at 143.04 and the 50-hour simple moving average near 143.20. Higher above, the 144.00 mark and recent high at 144.22 are set to act as resistance.
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Fri, 10 Jun 2022 08:09:37 GMT

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At midnight to Friday, the AUD/USD rate reached the 0.7085 level, which acted as support and started a recovery. During the European morning hours, the rate was testing the resistance of the zone near 0.7120, the 0.7140 level and the weekly S1 simple pivot point at 0.7135. If the resistance levels fail to hold and a surge occurs, the rate

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