GBP/JPY fails at third test of 168.50

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


A third test of the 168.50/168.72 zone's resistance failed on Thursday. By the middle of Friday's trading hours, the GBP/JPY had once again declined below 167.00. Moreover, the pair traded below the Thursday's low level.

In the near term future, the pair might find support in the weekly R2 simple pivot point at 166.41 and the low level connecting trend line near 166.00 and the 166.00 mark itself. Below these levels, note the weekly R1 simple pivot point at 164.89 and the 200-hour simple moving average.

On the other hand, a move higher by the GBP against the Japanese Yen would have to pass the 167.50 level and the 50-hour SMA, before testing the resistance of the 168.50/168.72 zone.
Back to articles

Actual Topics

Fri, 10 Jun 2022 09:15:32 GMT

USD/CAD surge reaches above 1.2700

The surge of the USD/CAD gained momentum during the middle of Thursday's trading, as the rate steeply surged up to the 1.2700 level and the resistance zone of the late April and early March high level zone at 1.2712/1.2724. A move of the USD/CAD above the resistance zone might encounter resistance in the 1.2750 level, before the pair reaches the

Fri, 10 Jun 2022 08:09:37 GMT

AUD/USD decline finds support near 0.7100

At midnight to Friday, the AUD/USD rate reached the 0.7085 level, which acted as support and started a recovery. During the European morning hours, the rate was testing the resistance of the zone near 0.7120, the 0.7140 level and the weekly S1 simple pivot point at 0.7135. If the resistance levels fail to hold and a surge occurs, the rate

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.