USD/JPY returns to 130.50

Source: Dukascopy Bank SA


Despite recovering on Monday, the USD/JPY currency pair was observed to have declined and found support in the 130.50 level.

A potential recovery is expected to be slowed down by the combination of the 131.00 mark, the 50 and 100-hour simple moving averages and the weekly simple pivot point at 131.11. Higher above, in the case of the pair piercing the 200-hour SMA and the 131.50 level, a surge up to the 132.00 mark could occur.

On the other hand, a decline is set to look for support in 130.50, 130.00 and the 129.64/129.67 range.
Back to articles

Actual Topics

Tue, 28 Mar 2023 12:49:34 GMT

Gold remains near 1,950.00

The price for gold appears to be consolidating near the 1,950.00 mark. However, at mid-day on Tuesday a surge of the price occurred up to the 50 and 100-hour simple moving averages near 1,965.00. In the case of a surge above the 50 and 100-hour SMAs, the price is bound to test resistance of the 2,000.00/2,010.00 zone. On the other hand, a

Tue, 28 Mar 2023 12:28:08 GMT

GBP/USD reaches above 1.2325

Despite being highly volatile, the GBP/USD currency pair continues to move higher. On Tuesday, the pair was piercing the weekly R1 simple pivot point at 1.2325. The resistance zone at 1.2335/1.2343 could reverse the ongoing surge. Higher above, note the 1.2400 level and the weekly R2 simple pivot point at 1.2423. Meanwhile, a potential decline of the currency pair could look for

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.