USD/JPY books new high

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


After the CPI release, the USD/JPY almost touched the 146.50 level, as a decline started. The decline has resulted in the pair finding support in the 144.30/145.00 range and the 100-hour simple moving average.

A resumption of the surge has to pass the 145.50 level and the 50-hour simple pivot point. Higher above, note the 146.00 and 146.50 levels. Above these round levels, the combination of the weekly R1 and the 147.00 level could act as resistance.

If the pair declines below the 100-hour simple moving average, the 200-hour SMA is expected to provide support near 144.30. Below the 144.30 level, the 143.50 level and the weekly simple pivot point could act as support.
Back to articles

Actual Topics

Fri, 12 Jan 2024 12:10:58 GMT

Gold is back above 2,050.00

The US CPI publication bounced the price for gold in the previously described range of 2,025.00/2,040.00. However, after the event, the price declined as low as the 2,015.00 mark, before support was found. The follow up recovery on Friday managed to reach above the 2,050.00 mark. The ongoing surge could encounter resistance in the 2,060.00 level, prior to the commodity

Fri, 12 Jan 2024 11:48:23 GMT

GBP/USD is limited to 1.2700/1.2780

The volatility of the US CPI release limited the GBP/USD rate to the 1.2700/1.2780 range. Namely, support is at 1.2700 where the round price level acts as support together with the 200-hour simple moving average. Resistance is provided by the 1.2780/1.2795 range. A move below 1.2700 could look for support in the various recent low levels at 1.2685 and 1.2675,

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.