EUR/JPY returns to pattern's support

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


The EUR/JPY currency rate's s surge on Friday ended at the 131.60 mark, which acted as resistance and caused a decline. The following decline ended on Thursday morning, as the pair found support in the lower trend line of the channel up pattern that captures the rate's surge since December 19. By the middle of the day's trading, the rate had been highly volatile above the trend line.

In the case of a surge of the currency exchange rate, the EUR/JPY might aim at the 131.60 mark and test its resistance once again. That is assumed due to the fact that the 50-hour simple moving average near 113.10 had been pierced two times during Thursday's trading. In addition, the weekly R1 simple pivot point did not act as resistance at 131.52.

On the other hand, a decline of the Euro against the Japanese Yen would have to pass the lower trend line of the channel up pattern near 113.80. Below the trend line, the 113.50 mark could act as support together with the 200-hour simple moving average and the weekly simple pivot point at 130.45.
Back to articles

Actual Topics

Thu, 06 Jan 2022 16:00:04 GMT

AUD/USD plummets to 0.7150

The AUD/USD bounced off the December high level zone and sharply plummeted, starting from 19:00 GMT on Wednesday. The drop was fueled by the reveal that the US Federal Reserve monetary policy makers revealed their meeting minutes, which announced to the world that the US central bank might hike interest rates. By the end of Thursday's European trading hours, the rate

Wed, 05 Jan 2022 12:38:44 GMT

Gold price reaches 1,820.00

The price for gold has been slowly surging, as after passing the resistance of the 50 and 100-hour simple moving averages the price traded close above them. In general, on Wednesday, Tuesday's forecasts remained intact. If the price for gold continues to move higher, it could reach the resistance zone of the 2021 summer and the 2022 New Years eve above

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.