EUR/JPY bounces off resistance

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


During the first half of September, the EUR/JPY ate declined and found support. However, support was not found in the 153.20/154.65 range, but higher above. The pair rebounded from the 155.25/155.50 range. After the event, the pair returned to and tested the 163.70/165.50 zone, which held and caused a retracement back down.

An extension of the ongoing decline is set to look for support in the mentioned support ranges at 153.20/154.65 and 155.25/155.50. If these levels fail, the currency pair is expected to find support at either 152.00 or 150.00

In the case of a potential Euro recovery against the Japanese Yen, the currency rte would have to clearly break the 160.00 level and the 50-day simple moving average, before approaching the 163.70/165.50 zone and the 200-day simple moving average. Higher above, note the 168.00 and 170.00 levels.
Back to articles

Actual Topics

Tue, 01 Oct 2024 13:44:57 GMT

USD/CAD ignores the 1.3500 mark

The decline that was described on August 20 continued on until the end of the month. The lowest level the pair reached was the 1.3450 level. This level provided enough support for the USD/CAD to break the resistance of the 1.3470/1.3510 zone and the range near 1.3600. However, the surge ended at the combination of the 50 and 200-day

Tue, 24 Sep 2024 17:54:40 GMT

USD/CHF remains above support range

As it was forecast in August, the USD/CHF currency pair has reached the support of the 0.8330/0.8435 range. Meanwhile, the rate remains in the channel down pattern. The big question now is which one of the two fails, the support zone or the descending channel. A move below 0.8330/0.8435 would result in the rate reaching levels not seen since the

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.