USD/JPY trades between round levels

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


Since the middle of Friday's GMT trading hours, the USD/JPY has fluctuated between the 114.00 and 114.50 levels. On Monday morning, the pair was being approached by the 55-hour simple moving average.

If the 55-hour SMA provides the USD/JPY with support, a surge could begin. A surge might aim at the resistance of the 115.00 level before reaching the weekly R1 simple pivot point at 115.11.

Meanwhile, a failure of the SMA and decline below the 114.00 mark might look for support in the 100-hour SMA near 113.75 and the weekly simple pivot point at 113.64.
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Mon, 18 Oct 2021 08:25:49 GMT

Gold passes support levels

On Monday morning, the slowed down decline of the yellow metal's price reached below the support of the 200-hour simple moving average. The SMA had kept the pair up together with the 1,765.00 mark since early Friday's trading hours. If the metal's price declines, it could reach the support of the October low level zone of 1,745.00/1,751.00. However, a recovery

Mon, 18 Oct 2021 08:00:18 GMT

GBP/USD tests pattern's support

The GBP/USD rate retreated on Monday morning to the support of the lower trend line of a channel up pattern, which has guided the pair since October 12. Future forecasts were based upon whether or not the support holds. In the case of a passing of the support of the channel up pattern, the GBP/USD might find support in the 55-hour

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