USD/JPY stands at significant level at 112.70

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The USD/JPY surged on Monday up to the resistance levels near the 112.70 mark. In general, the rate has two possible scenarios.  

The pair could break through the resistance levels and surge to the 100-hour simple moving average at the 112.80 level and afterwards pass it to surge to the weekly pivot point at 112.93.  

On the other hand the rate might bounce off the resistance cluster and decline down to the 112.50 mark. Most likely, the pair will decline, as a decline would be consistent with the larger scale charts.
Back to articles

Actual Topics

Mon, 10 Dec 2018 10:10:36 GMT

EUR/JPY moving towards psychological resistance level

The common European currency appreciated about 54 base points against the Japanese Yen on Monday. The currency pair has reversed a new junior ascending channel pattern.

Mon, 10 Dec 2018 10:01:21 GMT

GBP/USD declines prior to Brexit vote

The volatility of the GBP/USD has once more increased, as the UK Parliament is set to vote on the Brexit deal that Theresa May has agreed upon with the European Union.Meanwhile, from a technical analysis perspective the currency exchange rate is expected to decline, as it has no technical support as low as the 1.2680 mark. At that level the

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.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
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.