USD/JPY surges on Friday

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Source: Dukascopy Bank SA


The 200-hour simple moving average has provided enough support for a surge to start. Namely, the rate is once again approaching the resistance zone at 113.88/113.97.

A passing of the high level zone at 113.88/113.97 might result in a surge to the weekly R2 simple pivot point at 114.53. However, note that the 114.00 and 114.50 levels might act as resistance.

Meanwhile, a decline of the pair is highly likely going to find support in the weekly R1 simple pivot point at 113.69, the 50 and 100-hour simple moving averages near 113.60 and the 200-hour SMA at 113.30.
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Fri, 10 Dec 2021 11:43:28 GMT

Gold continues to decline

In general, since mid-Thursday, the price for gold has been fluctuating between round price levels. Namely, the 1,780.00 mark acted as resistance and the 1,775.00 and 1,770.00 are acting as support. It can be expected that the bullion continues to be impacted by price levels. If the price continues to decline, it would eventually reach the December low levels at 1,762.20/1,763.80.

Fri, 10 Dec 2021 11:28:21 GMT

GBP/USD situation is unchanged

The situation on the GBP/USD chart has remained unchanged. The pair remains between the resistance of the 50 and 100-hour simple moving averages near 1.3210 and 1.3230 and the weekly S1 simple pivot point at 1.3167. The GBP/USD rate would most likely decline, if it passes the support of the weekly S1 simple pivot point. A move below the pivot point

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