USD/JPY drops due to data

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


At mid-day on Wednesday, the USD/JPY currency exchange rate dropped sharply due to the release of the US Producer Price Index data. During its decline, the rate plummeted below all close by technical support levels.

In theory, the rate could decline as low as the previous July low level near 109.55. However, on its way down the pair is most likely going to encounter some support in the 110.00 exchange rate level.

On the other hand, a potential recovery would find resistance in the 55, 100 and 200-hour simple moving averages and the weekly simple pivot point in the 110.20/110.50 range.
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Wed, 14 Jul 2021 13:18:51 GMT

Gold breaks resistance zone

At 12:30 GMT on Wednesday, the yellow metal's price jumped due to the release of the US Producer Price Index. The metal managed to pass the resistance zone, which was located below the 1,820.00 level. However, following the surge, the price found resistance in the 1,830.00 mark. In the case that the 1,830.00 mark fails to continue to provide resistance, the

Wed, 14 Jul 2021 12:43:29 GMT

GBP/USD returns to 1.3900

The GBP/USD traded with high volatility due to the US CPI release on Tuesday. However, on Wednesday, the rate had recovered and appeared to be set for another test of the resistance zone above the 1.3900 mark. In the case that the rate passes the resistance of the 1.3900 mark, the GBP/USD would find resistance in the 1.3950 mark and afterwards

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