EUR/JPY surge reaches 139.00

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


The surge of the Euro against the Japanese Yen eventually encountered resistance in the 139.00 mark. Afterwards, a retracement to the support of the weekly R1 simple pivot point at 138.34 took place. During the morning hours of Tuesday's trading, the pair fluctuated in the 138.30/139.00 range.

If the pair resumes its surge higher, the weekly R2 simple pivot point at 139.39 might slow down the rate. Higher above, the 139.50, 140.00 and 140.50 levels are expected to act as resistance.

On the other hand, a decline of the Euro versus the Yen would have to pass below the weekly R1 at 138.34, prior to looking for support in the combination of the late-August high and the 50-hour simple moving average near 138.00. Further below, the 137.50 level could provide support, before the rate reaches the 137.00 mark and the 200-hour simple moving average with the weekly simple pivot point.
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Tue, 30 Aug 2022 09:15:03 GMT

AUD/USD breaks resistance levels

On Tuesday morning, the AUD/USD currency exchange rate broke the resistance of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point near the 0.6920 level. A continuation of the surge of the Australian Dollar against the US Dollar might encounter resistance in the weekly R1 simple pivot point at 0.6980 and the 0.7000 mark. Higher

Tue, 30 Aug 2022 07:42:07 GMT

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