USD/JPY reaches new high

Source: Dukascopy Bank SA


Despite the Japanese government announcing measures to stop the decline of the Yen, on Tuesday the USD/JPY reached a new high level, as it reached 144.00. The surge was spotted to have been surging due to the support of the 50-hour simple moving average reaching the 143.50 mark. The combined strength caused a sharp surge.

An extension of the USD/JPY surge is expected to be slowed down by the combination of the weekly R1 simple pivot point at 144.61 and the 144.50 level. Higher above, note the 145.00 mark.

On the other hand, a decline of the pair is most likely going to look for support in the 50-hour simple moving average and the 144.50 level. Further below, note the 143.00 level, the weekly simple pivot point at 142.91 and the 100-hour simple moving average.
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Tue, 27 Jun 2023 15:04:13 GMT

Gold retreats below 1,920.00

The price for gold continued to make attempts to pass the resistance of the 1,930.00 mark and the 1,932.25 level. However, it failed at mid-Tuesday. The price of gold dropped, as the USD strengthened and reached even below 1,915.00 In general, a bounce off from the most recent low level could result in the pair once again testing the 1,930.00 and

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