EUR/JPY decline approached 135.50 level

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


The decline of the Euro against the Japanese Yen has continued, as on Friday morning, the pair almost reached the 135.50 level. In the meantime, it was observed that despite being pierced round exchange rate levels have been impacting the rate.

In the case of the decline of the currency pair continuing, the rate might look for support in the 135.50, 135.00 and 134.50 levels, prior to reaching the weekly S3 simple pivot point at 134.26.

On the other hand, a recovery of the rate would face resistance in the combination of the 136.50 level and the weekly S2 simple pivot point. Higher above, note the 137.00 and 137.50 levels, and the 50-hour simple moving average.
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