USD/JPY finds support in SMA

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


On Tuesday, the USD/JPY was finding support in the 50-hour simple moving average near 113.55. Meanwhile, the pair appeared to be ignoring the resistance of the 100 and 200-hour simple moving averages and the weekly simple pivot point in the 113.65/113.72 range.

If the rate surges, it could find resistance in the 113.88/113.96 zone, which captures early December high levels. Higher above, resistance is expected to be provided by the December 15 high levels at 114.20/114.28.

On the other hand, a decline of the pair would have to pass the 50-hour simple moving average at 113.55, before aiming at the combination of the December low level at 113.15 and the weekly S1 simple pivot point at 113.16.
Back to articles

Actual Topics

Tue, 21 Dec 2021 12:49:33 GMT

Gold trades between SMAs

Since the middle of Monday's trading hours, the yellow metal's price has been fluctuating between the support of the 100-hour simple moving average near 1,790.00 and the resistance of the 50-hour simple moving average at 1,800.00. If the commodity price surges above the 1,800.00 mark, it could once again test the 1,815.00 level's resistance. Note that a move above 1,815.00 might

Tue, 21 Dec 2021 11:58:01 GMT

GBP/USD continues to recover

Since mid-Monday's trading, the GBP/USD bounced off the resistance of the 200-hour simple moving average, retraced and found support in the 1.3200 mark and succeeded to pass the 200-hour SMA. At mid-day on Tuesday, the pair had reached the 1.3260 level, where the GBP/USD faced the resistance of the 100-hour SMA and the weekly simple pivot point. In the case that

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.