USD/JPY continues higher

Source: Dukascopy Bank SA


On Monday, the USD/JPY was already surging, when US Retail Sales were released. The data boosted the USD even more. At mid-day the rate was above 154.00 and was heading to the combination of the 154.50 level and the weekly R2 at 154.56.

A move above the weekly R2 and the 154.50 level, is expected to face resistance in the 155.00 mark. Higher above, note the 155.50 level and the weekly R3 at 155.75.

In the case of a decline of the USD, the 154.00 level and the weekly R1 simple pivot point could act as support. Below these levels, a stop is likely near the 153.50 level and the 50-hour simple moving average.
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Mon, 15 Apr 2024 13:31:42 GMT

Gold retreat finds support near 2,340.00

The surge of the metal's price has surged above the 2,400.00 mark. However, resistance was found in the 2,430.00 mark and a sharp decline occurred. However, it appears that after a 100 dollar drop the price found support at 2,330.00. The follow up surge has encountered resistance in the range that surrounds the 2,350.00 level and the 50 and

Mon, 15 Apr 2024 12:17:47 GMT

GBP/USD retraces upwards

The decline of the Pound against the US Dollar has found support in the 1.2425/1.2435 range. However, by mid-Monday, the rate had reached the resistance of the 50-hour simple moving average and the 1.2500 mark. It was observed that the broader decline was resuming. A decline of the GBP/USD pair is set to look for support in the 1.2450 level

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