EUR/JPY declines to 141.00

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


The EUR/JPY currency pair has reached the 141.00 mark's support on Friday. On Monday morning, the rate was approached by the additional support of the 200-hour simple moving average.

A recovery from the 141.00 level is set to encounter resistance in the weekly simple pivot point at 141.80, before approaching the 142.00 level. In the meantime, the 142.00 level was being approached by the 50-hour simple moving average.

A move below 141.00 might find support in the 140.50 and 140.00 levels, prior to reaching the weekly S1 simple pivot point at 139.35.
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