GBP/JPY moves above 156.50

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


The weakness of the Japanese Yen has continued, as the GBP/JPY rate has already reached the 156.50 mark. In addition, the rate barely respects weekly simple pivot points and previous high levels.

A continuation of the surge could continue to move from one round exchange rate level to another until the pair finally reaches the 2021 high level at 158.23.

Meanwhile, a decline of the rate might also find support in round levels. However, take into account the technical levels that start from 155.00.
Back to articles

Actual Topics

Thu, 17 Mar 2022 10:17:58 GMT

USD/CAD decline reaches new low level

Comments made by the head of the Federal Reserve Jerome Powell on Wednesday have caused a decline of the currency exchange rate. By the middle of Thursday's trading, the currency pair had reached the 1.2650 mark. If the US Dollar continues to lose value in comparison with the Canadian Dollar, the pair might look for support in the February low

Thu, 17 Mar 2022 09:24:29 GMT

AUD/USD surges above resistance levels

By the middle of Thursday's trading, the AUD/USD currency exchange rate surged and passed above resistance levels that are located from the 0.7290 up to the 0.7330 mark. Namely, round price levels, previous notable levels and technical indicators were ignored. The surge was mainly attributed to the US Dollar weakness, which was caused by the yesterday's US Federal Reserve rate

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.