USD/JPY trades around 110.00

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


Since the middle of Wednesday's trading, the USD/JPY has continued to trade sideways around the 110.00 level. However, up to the start of Friday's trading, the rate was finding support in the 200-hour simple moving average. On Friday, the rate shortly traded below the SMA indicating that it might not continue to provide support.

In the case the USD/JPY currency exchange rate surges, it would first face the resistance of the 55-hour simple moving average at 110.05 and the 110.10 level. Above these levels, the rate could aim at the 110.40 level, which stopped the September 1 surge.

However, a decline of the rate would look for support in the 200-hour simple moving average and the weekly simple pivot point at 109.86. If these levels fail to provide support, the USD/JPY might reach for the August 31 low level at 109.60.
Back to articles

Actual Topics

Fri, 03 Sep 2021 09:27:56 GMT

Gold reveals triangle pattern

The previously assumed-to-be sideways trading of the yellow metal has been slowly decreasing volatility. Moreover, by inspecting the hourly candle chart, a triangle pattern has been spotted. In theory, all trading in a triangle pattern eventually ends with a break out either to the upside or downwards. In the case that the rate breaks out up, it would face the resistance

Fri, 03 Sep 2021 08:44:43 GMT

GBP/USD breaks 1.3800 level

The GBP/USD currency exchange rate managed to pass the resistance of the 1.3800 level. It resulted in a sharp surge, which stopped, as it approached the 1.3850 mark. Afterwards, the GBP consolidated its gains against the US Dollar by retracing down. On Friday morning, the decline found support in the weekly R1 simple pivot point at 1.3826. If the pair resumes

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.