USD/JPY ends its surge

Source: Dukascopy Bank SA


The USD/JPY passed the ascending support trend line in a sharp move, which eventually paused near 136.30. Throughout Thursday's trading, the pair fluctuated between 136.30 and 137.20.

A move below the 136.30 level and the 100-hour simple moving average might look for support in the 136.00 level and the weekly simple pivot point at 135.93. Further below, round price levels could act as support.

On the other hand, a recovery of the pair would first have to breach the 137.00 level and the 50 and 200-hour simple moving averages. Higher above, note the 137.50 level and the Wednesday's high level range at 137.70/137.85.
Back to articles

Actual Topics

Thu, 08 Dec 2022 18:09:05 GMT

Gold recovers to 1,795.00

The support of the 200-hour simple moving average was enough for the price of gold to move above the 50 and 100-hour simple moving averages and the 1,785.20/1,786.30 range. During Thursday's trading, the metal encountered resistance in the 1,795.00 level, before retracing to the zone, which appeared to have turned into support. A continuation of the surge of the commodity price

Thu, 08 Dec 2022 17:58:36 GMT

GBP/USD recovers to 1.2250

On Thursday, the GBP/USD pair found support in the weekly simple pivot point at 1.2162 and surged to the 1.2250 level. In the case of the pair moving above 1.2250, the 1.2300 and 1.2350 levels are highly likely to act as resistance, as they stopped the last week's surge. However, a decline of the Pound against the US Dollar might

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.