USD/JPY consolidates near 132.00

Source: Dukascopy Bank SA


The USD/JPY currency pair has been fluctuating between the support of the 131.30/131.40 zone and resistance at 132.45/132.65 since the start of this week's trading. Meanwhile, the pair was observed to be ignoring the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 131.90/132.50.

A recovery of the US Dollar and move above 132.65 might be slowed down by the 133.00, 133.50 and 134.00 levels, before the resistance zone near 134.50 would be once again reached. In addition, note the weekly R1 simple pivot point at 134.70.

On the other hand, a move of the rate below the support of 131.30/131.40 could pause at the 131.00 mark, prior to approaching the December 20 low level at 130.57 and the 130.50 level.
Back to articles

Actual Topics

Tue, 10 Jan 2023 15:24:43 GMT

Gold faces resistance in 1,880.00

Throughout this week, the price for gold has been fluctuating between the support of the 1,867.90/1,870.40 range and resistance at 1,879.30/1,881.60. In the meantime, the 50-hour simple moving average had caught up with the commodity. If the additional support of the 50-hour SMA manages to push the price through the resistance of 1,881.60, the price might finally test the 1,900.00 mark.

Tue, 10 Jan 2023 14:05:06 GMT

GBP/USD finds resistance at 1.2200

The surge of the GBP/USD, which followed the US employment data release, encountered resistance in the 1.2200 mark. The round exchange rate level held and caused a decline. By mid-Tuesday's trading, the currency pair had reached the support of the 1.2100/1.2115 range. A move below the support zone and the 1.2100 level might look for support in the combination of

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.