USD/JPY trades below 108.80

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


The 108.80 level did not manage to provide support to the USD/JPY currency exchange rate during Thursday's and Friday's trading hours. On Friday morning, the rate clearly passed below the 108.80 level, as the 108.70 mark was touched.

In the near term future, the decline of the rate could reach the 108.60 level, which reversed the highly volatile Wednesday's decline. If the 108.60 level gets passed, the weekly S1 simple pivot point at 108.56 would immediately provide support. A potential decline below these levels could reach the 50.00% Fibonacci retracement level at 108.35.

On the other hand, a potential surge could find resistance in the 55, 100 and 200-hour simple moving averages in the 109.00/109.10 range and the 109.00 mark.
Back to articles

Actual Topics

Fri, 21 May 2021 06:34:26 GMT

Gold reveals triangle pattern

First of all, note that after breaking the resistance of the 1,875.00 level, the yellow metal's price has been ignoring this level. It does not provide support or resistance. In the meantime, since Wednesday, the price has been fluctuating in a symmetrical triangle pattern. In theory, the metal's price should reduce volatility in the borders of the pattern until a

Fri, 21 May 2021 06:09:21 GMT

GBP/USD reaches 1.4200 level

On Friday morning, the GBP/USD currency exchange rate reached the resistance of the 1.4200 level. The 1.4200 mark caused a decline on Wednesday, which reached the 1.4100 level. The near term future forecasts were based upon whether or not the 1.4200 level provides resistance. If the GBP/USD passes the resistance of the 1.4200 mark, the pair would test the resistance

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.