USD/JPY continues to surge

Source: Dukascopy Bank SA


The surge of the USD/JPY currency exchange rate continues, as on Tuesday morning, the rate was testing the 106.90 level. In the meantime, the 38.20% Fibonacci retracement level at 106.86 not manage to provide resistance.

In the meantime, it was spotted that the rate is gradually pushed up by the 55-hour simple moving average. Namely, the rate surges, then consolidates until the SMA catches up and afterwards resumes the surge. Due to that reason, it is expected that the rate would continue to be pushed up.

On the other hand, the resistance of the round exchange rate level of 107.00 or the weekly R1 simple pivot point at 107.25 could stop the rate's surge.
Back to articles

Actual Topics

Tue, 02 Mar 2021 10:26:00 GMT

Gold reaches 1,710.00 mark

The yellow metal's price found resistance in the previous support of the declining wedge pattern at the 1,760.00 level. It was followed by a decline, which on Tuesday found support in the 1,710.00 level. By the middle of the day's European trading, the rate had retraced back up. The recovery of the rate was approaching the 38.20% Fibonacci retracement level at

Tue, 02 Mar 2021 10:14:10 GMT

GBP/USD reaches support zone

The GBP/USD has been gradually declining, as it has been pushed down by the 55-hour simple moving average. On Tuesday morning, the rate had reached the support zone of the early February high and late February low level. In the case of the zone being passed, the rate could look for support in the weekly S1 simple pivot point at

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX 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.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
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.