USD/JPY retreats below 114.00

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Source: Dukascopy Bank SA


The rate has ended trading between the 114.00 and 114.50 levels by declining below the 114.00 mark. However, the USD/JPY almost immediately stopped at the support of the 100-hour simple moving average at 113.90.

If the 100-hour simple moving average pushes the USD/JPY up, the pair could find resistance first in the 55-hour simple moving average at 114.23. Above this level, the 114.50 zone could once again keep the rate down.

Meanwhile, a decline below the 100-hour SMA might find support in the weekly simple pivot point at 113.64. Below the pivot point, the 200-hour SMA is located near the 113.25 level.
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Tue, 19 Oct 2021 09:33:43 GMT

Gold recovers on Tuesday

The rate traded near the 1,765.00 mark throughout Monday. At GMT midnight to Tuesday, the price of gold started a surge. Namely, by 09:30 GMT, the bullion had already almost reached the 1,785.00 level. During the surge, the resistance of the 55, 100 and 200-hour simple moving averages was ignored. A continuation of the surge of the price for gold

Tue, 19 Oct 2021 08:55:07 GMT

GBP/USD surges despite breaking pattern

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