USD/JPY passes support zone

Source: Dukascopy Bank SA


The USD/JPY passed below the support zone at 132.50 on Thursday. However, support was provided by the weekly S2 simple pivot point near 131.75. Afterwards, the rate shortly recovered to the resistance of the 100-hour simple moving average, before resuming its decline. On Friday, the pair had once again reached below 132.50.

In the near term future, the pair might once again look for support in the weekly S2 simple pivot point. Further below, round exchange rate levels could act as support.

A potential surge of the USD against the Japanese Yen could once again face resistance in the form of the 50 and 100-hour simple moving averages near the 133.00 mark.
Back to articles

Actual Topics

Fri, 17 Mar 2023 13:44:24 GMT

Gold pierces January high

The price for gold has found support in the 1,915.00 level and the 50-hour simple moving average. The event was followed by a surge, which by the middle of Friday's trading had pierced the January high level at 1,949.00. A move above 1,949.00 and 1,950.00 might stop at the February high level at 1,960.00. Higher above, note the upper trend line

Fri, 17 Mar 2023 13:05:49 GMT

GBP/USD approaches 1.2200 mark

The GBP/USD found support in the 200-hour simple moving average and stared a recovery. By the middle of Friday's trading, the pair had reached above the 1.2100 mark and the 50 and 100-hour simple moving averages. A move higher by the pair might encounter resistance in the early February high level at 1.2200. Higher above, note the 1.2250 level and the

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.