Gold recovers on Tuesday

Source: Dukascopy Bank SA


On Tuesday, the yellow metal's price reached the resistance of the 200-hour simple moving average and the previous September low level zone at 1,781.00/1,783.00.

In the case that the price passes the resistance of the 200-hour SMA and the 1,781.00/1,783.00 zone, the bullion could aim at the 1,800.00 mark. On the other hand, a potential bounce off from the resistance zone might find support in the 100 and 55-hour simple moving averages at 1,767.00 and 1,760.00.

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Wed, 22 Sep 2021 05:13:43 GMT

EUR/JPY rebounds from support

During Tuesday's trading session, the common European currency fell by 70 pips or 0.54% against the Japanese Yen. The currency pair tested the 128.00 level on Wednesday.

Tue, 21 Sep 2021 15:55:50 GMT

USD/JPY declines to 109.20

By the start of Tuesday's US trading, the USD/JPY currency exchange rate had reached the 109.20 level. The next target for the decline appeared to be the September and August low levels at 109.12. In the case that the low level holds and a recovery starts, the pair could find resistance in the weekly S1 simple pivot point at 109.37. Above

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