GBP/JPY remains in sideways range

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


The GBP/JPY continues to respect both the support zone at 152.55/152.75 and the resistance of 153.65/153.75. Previous forecasts remain intact.

In the case that the pair passes the resistance of the 153.65/153.75 zone, it might find resistance in the weekly simple pivot point at 154.10. Above the pivot point, the 200-hour SMA near 155.00 could serve as a resistance level.

However, a passing of the 152.55/152.75 support zone could result in the rate reaching for the 152.00 level, which had impacted the rate in early October.
Back to articles

Actual Topics

Wed, 10 Nov 2021 16:12:33 GMT

USD/CAD is highly volatile

Since the middle of Tuesday's GMT trading hours, the USD/CAD has been highly volatile. The high volatility could be explained by the Tuesday's publication of US Producers Price Index at 13:30 GMT and the Wednesday's US Consumer Price Index release at 13:30 GMT. During the high volatility, the rate has been mostly ignoring technical support and resistance levels. However, the

Wed, 10 Nov 2021 15:51:08 GMT

AUD/USD declines due to pivot point

The resistance of the weekly simple pivot point at 0.7431 provided enough resistance for the AUD/USD currency exchange rate to eventually pass the support line of the channel up pattern, which guided the rate since the start of November. Note that initially the trend line held and forced the pair into a second attempt to pass the resistance of

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.