EUR/JPY declines below 137.50

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


Last week, the EUR/JPY currency pair failed to pass the resistance of the 140.00 mark. Afterwards, a decline started, which by the middle of Monday's European trading hours had reached the 137.20 level.

In regards to the near term future, a potential decline of the pair would most likely look for support in the 136.90/137.10 zone and the weekly S1 simple pivot point at 136.79. Further below, note that round exchange rate levels might stop a decline, before the weekly S2 at 134.85 is reached.

On the other hand, a recovery of the Euro, compared to the Japanese Yen, might encounter resistance in the 200-hour simple moving average near 137.80 and the 138.00 mark. Higher above, note the 138.30/138.85 zone, which is strengthened by the weekly simple pivot point and the 50 and 100-hour simple moving averages.
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Actual Topics

Wed, 27 Apr 2022 15:43:12 GMT

EUR/USD breaks large scale pattern

By the middle of Wednesday's European trading hours, the EUR/USD currency exchange rate had reached below the 1.0600 and approached the weekly S3 simple pivot point at 1.0550. Economic Calendar Analysis During the week, minor moves could be created by some data releases. Meanwhile, note that the whole financial market continues to adjust to the latest comments made by the Federal Reserve

Fri, 22 Apr 2022 07:13:13 GMT

Gold remains in previous range

The situation on the chart for gold has not changed. Gold continues to find support in the 1,940.00 mark and resistance is provided by the 1,955.00 level and a zone above it. Previous analysis remains relevant. Economic Calendar Analysis There are no more notable events scheduled for this week. Next week's review is set to be published on Monday. XAU/USD short-term forecast In

Fri, 22 Apr 2022 07:04:52 GMT

USD/JPY continues to test resistance zone

The USD/JPY made three attempts at passing the resistance zone at 128.47/128.68. On Friday morning, the rate clearly bounced off the resistance zone, as it passed below the support of the 50 and 100-hour simple moving averages and the 128.00 mark. Economic Calendar There are no more notable events scheduled for this week. Next week's review is set to be published on

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