USD/JPY bounces off 110.40

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


As the rate was testing the resistance of the 110.40 level, the US ADP payrolls caused an all out USD drop. On the USD/JPY charts it resulted in a decline to the support of the 200-hour simple moving average at 109.90. By the start of Thursday's European trading hours, the SMA was still keeping the rate up, as it tested its support three times.

If the SMA manages to hold and a surge follows, the rate could once again reach the 110.40 level and test its resistance. Above the 110.40 mark, the 110.50 level and the zone above it might provide resistance.

Meanwhile, a decline below the SMA could look for support in the weekly simple pivot point at 109.86. However, note that previously the pivot point failed to provide support. Due to that reason, a potential decline would most likely find support in the 109.60 level.
Back to articles

Actual Topics

Thu, 02 Sep 2021 07:52:27 GMT

Gold trades sideways

The yellow metal has continued to trade in the 1,810.00/1,815.00 zone. However, on Wednesday, a USD drop was caused by the US ADP payrolls. The event created a test of the 1,820.00 price level for gold. The 1,820.00 mark provided resistance and the bullion returned to trade in the previous zone. Meanwhile, on Thursday morning, the 100-hour simple moving average caught

Thu, 02 Sep 2021 07:35:50 GMT

GBP/USD once again tests 1.3800

The rate surged and passed resistance levels on Wednesday, as the US ADP payrolls caused a decline of the USD. The surge of the GBP/USD was stopped by the 1.3800 level. A follow up decline eventually found support in the 55-hour simple moving average near 1.3765. In the case that the 55-hour simple moving average pushes the rate up, 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.