USD/JPY continues to surge

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


The USD/JPY booked a new high, before consolidating its gains by a minor retracement back down. Most recently, the pair retraced to the 149.00 mark and confirmed it as support. In general, prior forecasts remain unchanged.

An extended move above 149.00 could be slowed down by the 149.50 level, before the 150.00 mark is reached. Higher above, note the descending 200-hour simple moving averages and the weekly simple pivot point at 150.20.

On the other hand, a decline of the US Dollar against the Japanese Yen is expected to look for support in the combination of the weekly S1 simple pivot point at 148.50 and the 148.50 mark on its own. In addition, take into account the 50-hour simple moving average near 148.15. Meanwhile, the 148.00 level did not impact the rate during the recent decline and recovery. Due to this reason it could be ignored. Further below, the weekly S2 at 147.49 and the 147.50 level might slow down the pair, prior to the 147.15/147.35 range being reached.
Back to articles

Actual Topics

Thu, 23 Nov 2023 14:08:48 GMT

Gold finds support in 100-hour simple moving average

Gold has retraced back down and found support in the 100-hour simple moving average near the 1,986.00 level. During the first part of Thursday's trading, it was spotted that the price remained below 2,000.00. The metal appeared to be needing additional support to push higher. The support could be provided by the 100-hour SMA moving higher. The price needs to

Thu, 23 Nov 2023 13:42:02 GMT

GBP/USD dipped to 1.2450

The GBP/USD eventually ended sideways trading and declined. However, the sharp decline quickly found support in the 1.2450 level and a recovery started. By mid-Thursday, the pair had even reached above the 1.2550 level, as the 1.2505/1.2510 range acted as support. However, it appears that the sharp move upwards at 09:30 was caused by the publication of better than

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.