GBP/JPY touches 149.00 level

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


The GBP/JPY currency pair ended trading in a triangle pattern with a drop to the 149.00 level. During the drop, the pair passed the support line of the channel down pattern, which had guided the rate since late October. The 149.00 mark provided support and caused a recovery. By the start of Monday's US trading hours, the rate had reached above the 150.00 level.

A continuation of the recovery of the GBP against the Japanese Yen might find resistance in the combination of the weekly R1 simple pivot point and the 200-hour simple moving average at 151.19.

On the other hand, a decline might find support in the July, August, September and October low level zone at 148.46/149.30.
Back to articles

Actual Topics

Mon, 06 Dec 2021 15:44:03 GMT

USD/CAD increases volatility

The USD/CAD currency exchange rate became highly volatile on Friday, as the release of the US and Canadian monthly employment data impacted the rate from both sides. In the aftermath of the high volatility, on Monday, the rate bounced off a resistance zone near 1.2840 and declined below the 1.2800 mark. The decline of the rate could eventually find support in

Mon, 06 Dec 2021 15:32:17 GMT

AUD/USD reaches 2020 low level

The AUD/USD currency exchange rate reached the 0.7000 low level, which had not been touched since October 2020. The 0.7000 mark provided support and caused a recovery of the pair. During the early hours of Monday's US trading, the pair had reached above the 0.7050 level. If the rate continues to surge, it could encounter resistance of the 0.7092/0.7096 zone. Above

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.