EUR/JPY breaks technical resistance

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


The EUR/JPY has reached above 143.70 and encountered resistance in the 144.00 mark. The levels near 143.70 have turned into support.

In the case of a surge above 144.00, the pair might encounter resistance in 144.50 level, before it reaches the weekly R1 simple pivot point at 145.06 and the 145.00 mark.

On the other hand, a decline of the currency pair is set to look for support in the 143.70 level with the weekly simple pivot point and the 200-hour SMA, prior to reaching the 142.30/142.65 zone. Meanwhile, note that the rate has been ignoring the 50-hour simple moving average. Further below, take into account the 142.00 level and the weekly S1 simple pivot point at 141.71.
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