USD/JPY extends recovery above 137.00

Source: Dukascopy Bank SA


The recovery of the US Dollar against the Japanese Yen has reached the combination of the 137.50 level and the 200-hour simple moving averages, which have acted as resistance. Meanwhile, on Tuesday morning it was spotted that support was found in the 136.50 level.

In the case of the rate resuming the recovery, the pair would have to pass the resistance of the 137.50 level and the 200-hour simple moving average. Higher above, the 138.00 level and the weekly R1 simple pivot point at 138.24 could act as resistance.

Meanwhile, a decline of the USD against the JPY is expected to first look for support in the 136.50 level. Below this level, the 50 and 100-hour simple moving averages, the weekly simple pivot point at 135.93 are expected to strengthen the support of the 136.00 level. The 136.00 level stopped the Friday's fundamental surge.
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Tue, 06 Dec 2022 09:51:07 GMT

Gold finds support in 200-hour SMA

The price for gold eventually declined, as a broad asset sell off occurred on Monday. The decline passed below both support zones near 1,795.00 and 1,785.00. Eventually, the decline ended, as the commodity price found support in the 1,764.00/1,766.15 range. On Tuesday morning, the range was strengthened by the 200-hour simple moving average, which appeared to be pushing the price

Tue, 06 Dec 2022 08:59:42 GMT

GBP/USD respects pivot point

The retracement downwards of the Pound against the US Dollar found support in the weekly simple pivot point at 1.2162. On Tuesday morning, the pair was approached by the 100-hour simple moving average near 1.2180 and it appeared to have started to push the pair up. A surge of the Pound against the US Dollar might encounter resistance in the 1.2250

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