USD/JPY declines below 133.00

Source: Dukascopy Bank SA


The Thursday's decline of the US Dollar against the Japanese Yen found ended at midnight below the 133.00 level. During the early hours of Friday's trading, the pair recovered and approached the combined resistance of the 133.50 level and the 50-hour simple moving average.

A potential move above the 133.50 level might encounter resistance in the 134.00 mark and the 200-hour simple moving average, before once again testing the 134.50 level and the weekly simple pivot point at 134.39.

However, if the US Dollar declines, compared to the Yen, the rate is expected to look for support in the 133.00 level, the 100-hour simple moving average near 132.75 and the 132.50 level. Further below, the most close by technical support is the weekly S1 simple pivot point at 131.32.
Back to articles

Actual Topics

Fri, 05 Aug 2022 08:15:37 GMT

Gold reaches above resistance zone

The price for gold has reached above the 1,784.40/1,788.70 zone. Afterwards, resistance was found in the 1,795.00 mark. On Friday morning, the commodity price was finding support in the previous resistance zone, as the 1,788.70 level appeared to be keeping the price up. If the metal manages to recover, the 1,795.00 level and the 1,800.00 mark are expected to provide resistance.

Fri, 05 Aug 2022 07:53:42 GMT

GBP/USD returns to previous levels

In the aftermath of the Bank of England rate hike, the GBP/USD currency rate has returned to trade near the 1.2150 level. In general, it appears that the effect of the 0.50% base rate increase was offset by the fact that one of the policymaker voted against the hike. On Friday, the upper and lower ranges of the recent volatility

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.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
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.