USD/JPY trades around 157.00

Source: Dukascopy Bank SA


The pair has moved a bit higher by advancing above 156.00/156.30. Since Friday, the pair has been fluctuating around the 157.00 level, waiting for new fundamentals or approaching technical levels to push it higher.

A resumption of the prior surge of the Dollar against the Yen is set to face the 157.50 level and the weekly R1 simple pivot point at 157.59. Higher above resistance could be found in the 158.00 level and the weekly R2 simple pivot point at 158.24.

If the rate declines, it has to first pass the 100-hour simple moving average and the weekly simple pivot point at 156.70 and 156.54. In addition, the 156.50 mark is capable of acting as support. Further below, note the 156.00/156.30 range and the 200-hour simple moving average.
Back to articles

Actual Topics

Mon, 27 May 2024 14:22:54 GMT

Gold finds support

The decline from the 2,450.00 level was larger than any short sellers expected, as on Friday the price was below 2,330.00. However, this week, the metal started to recover, as the short selling did not continue further below 2,330.00. An extension of the ongoing recovery is set to face resistance in round price levels, as they have been impacting the

Mon, 27 May 2024 13:58:06 GMT

GBP/USD finds support in 200-hour SMA

Despite passing below the 1.2700 mark, the GBP/USD did not decline further, as it found support in the 200-hour simple moving average at 1.2675. On Monday, the rate was reaching new high levels and aiming at the 1.2800 level. Before reaching the 1.2800 mark, the rate has to reach above the weekly R1 simple pivot point at 1.2773. If 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.