EUR/JPY breaks pattern

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


The channel down pattern has failed to push the EUR/JPY down, as the rate has passed above the pattern's resistance line. Meanwhile, it appeared that the 139.00 mark and the 50-hour simple moving average continued to act as resistance. Support was being provided by the 138.50 level.

If the Euro resumes its decline against the Japanese Yen, the pair might look for support in the 138.15 level, which acted as support on Tuesday. Further below, note the 138.00 mark and the weekly S1 simple pivot point at 137.80.

On the other hand, a recovery of the currency exchange rate would have to pass the 139.00 mark and the 50-hour simple moving average. Higher above, note the 139.50 mark and the cluster of resistance at 140.00. The 140.00 level's resistance is being strengthened by the 200-hour simple moving average and the weekly simple pivot point.
Back to articles

Actual Topics

Wed, 27 Jul 2022 14:40:41 GMT

AUD/USD continues to decline

By the start of Wednesday's trading, the AUD/USD rate had reached the 0.6920 level. The pair was extending the decline, which started after the failed attempt to reach above the 0.6980 level. However, on Wednesday, technical analysis is set to be obsolete for all USD pairs, as the US Federal Reserve is set to announce a rate hike at 18:00 GMT.

Wed, 27 Jul 2022 13:09:57 GMT

Gold trades below 1,725.00

During the first half of Wednesday's trading hours, the price for gold fluctuated between the support zone at 1,715.00 and the resistance of the 1,725.00 level. Meanwhile, the commodity price was awaiting the US Federal Reserve rate hike, which was scheduled for 18:00 GMT. In general, the rate decision and the monetary policy statement together with the press conference are set

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.