USD/JPY is supported by 200-hour SMA

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


On Tuesday, the recovery of the USD against the Japanese Yen ended at the 113.75/113.78 zone. The rate failed to pass these levels after making three attempts.

Meanwhile, since early Tuesday trading, the pair has been finding support in the 200-hour simple moving average, which has been moving downwards. In addition, the 100-hour SMA had caught up with the pair.

If the USD/JPY continues to decline, it would have to pass the combined support of the 100 and 200-hour simple moving averages near 113.30. Below the SMAs, the weekly simple pivot point at 113.11 might act as support.

However, a move up by the currency exchange rate might find resistance in the 113.75/113.78 levels before aiming at the November 29 high level zone at 113.88/113.96.
Back to articles

Actual Topics

Wed, 08 Dec 2021 11:15:34 GMT

Gold breaks resistance levels

On Tuesday, the yellow metal's price passed the resistance of the 200-hour simple moving average. On Wednesday, the commodity reached above the upper trend line of the channel down pattern, which had guided the metal since last week. If the bullion's price continues to surge, it would most likely test the resistance of the 1,800.00 mark and the upper trend

Wed, 08 Dec 2021 10:58:36 GMT

GBP/USD tests support zone

The GBP/USD currency exchange rate has been finding support in the 1.3195/1.3210 zone. However, the rate had retraced up to the resistance of the 100-hour simple moving average and the weekly simple moving average near 1.3265, before the second decline to the support zone. In the case that the pair passes the support zone of 1.3195/1.3210, the GBP/USD might look for

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.