USD/JPY trades above 109.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA


On Tuesday, the USD/JPY continued to fluctuate near the 109.50 level. However, the rate traded in a wide range and ignored the 55 and 100-hour simple moving averages. Namely, these indicators could not be used for guidance.

In the meantime, the 109.14 level provided the rate with support. Together with the 109.00 level the 109.14 mark make up a newly marked support zone.

If the rate continues to find support in the 109.00/109.14 zone, the rate would most likely eventually reach for and once again test the zone below the 110.00 mark and the 200-hour simple moving average.

On the other hand, the passing of the support zone could result in a decline to the weekly S1 simple pivot point at 108.87.
Back to articles

Actual Topics

Tue, 13 Apr 2021 12:46:32 GMT

Gold bounces off support

On Tuesday, the yellow metal's price bounced off the support zone of the 1,720.00/1,725.00 levels. As soon as the price managed to pass the short term resistance of the 200-hour simple moving average, the price sharply surged. The surge was expected to possibly stop at the 1,745.00 level, which had previously provided both resistance and support. If the price passes the 1,745.00

Tue, 13 Apr 2021 12:18:14 GMT

GBP/USD bounces off resistance

Since the middle of Monday's trading, the GBP/USD has been fluctuating sideways between the support of the zone near 1.3720 and the 55-hour simple moving average and the resistance of the weekly simple pivot point at 1.3766 and the April 8 and 12 high levels. If the pair manages to break resistance levels and surge higher, it would immediately face the

Subscribe to "Fundamental Analysis" feed

Souscrire
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.