EUR/JPY reaches 140.00

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Source: Dukascopy Bank SA


The EUR/JPY currency pair has broken resistance levels and reached the 140.00 mark, where the surge appears to have paused. At mid-day on Thursday, the pair had retraced back below the 139.50 level and was approaching the combination of the 139.00 level and the 50-hour simple moving average.

A resumption of the Euro's surge against the Japanese Yen would have to pass the 140.00 level, before approaching the resistance of the 140.50 level and the weekly R3 simple pivot point at 140.79 and the 141.00 mark.

On the other hand, a decline below 139.00 and the 50-hour SMA could look for support in the weekly R1 simple pivot point at 138.34, the 138.00 mark and the 200-hour simple moving average near 137.00
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Thu, 01 Sep 2022 12:19:30 GMT

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