USD/JPY situation changes

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


The USD/JPY continued to trade between the weekly S2 simple pivot point's support and the resistance of the 55-hour simple moving average. However, the situation had changed, as the rate was now piercing the support level and not the resistance. Namely, a decline was more possible than a surge.

In the case of the support of the weekly S2 simple pivot point failing, the rate would have no technical support as low as the 107.20 level, where the lower trend line of a channel down pattern was located at.

On the other hand, a breaking of the resistance of the 55-hour simple moving average could result in a test of the resistance of the 100-hour simple moving average first and afterwards the upper trend line of the mentioned pattern.
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Thu, 22 Apr 2021 11:07:00 GMT

Gold fails to reach 1,800.00

The yellow metal made two attempts to reach the resistance of the 1,800.00 level. Both of them failed. On Thursday, the rate was declining, as by the middle of the day's European trading hours, the rate had almost reached the 55 and 100-hour simple moving averages. If the 55 and 100-hour simple moving averages provide enough support, the commodity price could

Thu, 22 Apr 2021 10:42:36 GMT

GBP/USD remains below SMA

During the first half of Thursday's European trading, the GBP/USD currency exchange rate remained below the resistance of the 55-hour simple moving average. In the meantime, it was spotted that the rate was finding support in the 1.3900 mark. In the case of the 1.3900 level failing to continue to provide support, the GBP/USD would most likely decline to the 1.3850

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